Principles of Cost-Benefit Analysis for Developing Countries [Hardcover]

This disctincive 1996 book applies cost-benefit analysis theory to problems of development economics.This book is distinctive in that it combines an introduction to welfare economics and project appraisal with a discussion of current issues in development economics such as structural adjustment policies, commodity stabilization programs and environmental issues.This book is distinctive in that it combines an introduction to welfare economics and project appraisal with a discussion of current issues in development economics such as structural adjustment policies, commodity stabilization programs and environmental issues.The book presents the theory of cost-benefit analysis and applies this theory to contemporary problems of development economics. It is distinctive in that it combines an introduction to welfare economics and project appraisal with a discussion of current issues in development economics such as structural adjustment policies, commodity stabilization programs and environmental issues. The book assumes a basic economic understanding and should be a useful text and also of interest to public policy administrators.Part I. Introduction to Welfare Economics: 1. Measuring changes in economic welfare: consumer and producer surplus; 2. Consumers and producers: some basic theory; 3. Welfare change in general equilibrium; 4. Equity and efficiency; Part II. Project and Policy Appraisal in Developing Countries: 5. Project appraisal: an overview; 6. Shadow prices for traded and non-traded commodities in an open economy; 7. Trade policy, exchange rates and structural adjustment; 8. Labour markets in developing countries; 9. The social value of labour; 10. Intertemporal costs and benefits (1): a market-based approach; 11. Intertemporal costs and benefits (2): a social planning approach; Part III. Missing Markets: 12. Externalities and public goods; 13. Risk and the measurement of welfare change; 14. Natural resources and the environment; Retrospect.