Uncertainty And Public Project Appraisal

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Uncertainty and Public Project Appraisal

Author : J. R. Anderson,J. B. Hardaker
Publisher : Unknown
Page : 45 pages
File Size : 41,6 Mb
Release : 1987-02-01
Category : Electronic
ISBN : 0858345897

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Uncertainty and Public Project Appraisal by J. R. Anderson,J. B. Hardaker Pdf

Forecasting, Uncertainty, and Public Project Appraisal

Author : Jock R. Anderson
Publisher : World Bank Publications
Page : 61 pages
File Size : 45,9 Mb
Release : 1989
Category : Commodity exchanges
ISBN : 8210379456XXX

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Forecasting, Uncertainty, and Public Project Appraisal by Jock R. Anderson Pdf

A measure of the probability of commodity price forecasts is not necessary for most project analysis, but it does give users a realistic view of the forecast's precision -- and imposes a useful discipline on the forecaster.

Forecasting, Uncertainty, and Public Project Appraisal

Author : Jock R. Anderson
Publisher : Unknown
Page : 68 pages
File Size : 52,6 Mb
Release : 1989
Category : Commodity exchanges
ISBN : IND:30000062203355

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Forecasting, Uncertainty, and Public Project Appraisal by Jock R. Anderson Pdf

A measure of the probability of commodity price forecasts is not necessary for most project analysis, but it does give users a realistic view of the forecast's precision -- and imposes a useful discipline on the forecaster.

The Power of Public Investment Management

Author : Anand Rajaram,Kai Kaiser,Tuan Minh Le,Jay-Hyung Kim,Jonas Frank
Publisher : World Bank Publications
Page : 203 pages
File Size : 48,6 Mb
Release : 2014-10-17
Category : Business & Economics
ISBN : 9781464803178

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The Power of Public Investment Management by Anand Rajaram,Kai Kaiser,Tuan Minh Le,Jay-Hyung Kim,Jonas Frank Pdf

Public resources, if invested well in public infrastructure and services, can unleash inclusive growth and development. This report provides a simple but comprehensive framework and global experience, to help policy makers adopt good functional principles in the design of institutions to strengthen public investment management.

Early Project Appraisal

Author : K. Samset
Publisher : Springer
Page : 286 pages
File Size : 51,9 Mb
Release : 2010-08-11
Category : Business & Economics
ISBN : 9780230289925

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Early Project Appraisal by K. Samset Pdf

Focusing on turning an initial idea into a project with a successful outcome, this book fills a gap in current literature on project management and is thoroughly grounded in the latest research in this field. It emphasizes the practical application of decision making based on qualitative and judgmental information.

Soil Conservation in Developing Countries

Author : Jock R. Anderson,Jesuthason Thampapillai
Publisher : World Bank Publications
Page : 60 pages
File Size : 50,7 Mb
Release : 1990
Category : Business & Economics
ISBN : 0821314483

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Soil Conservation in Developing Countries by Jock R. Anderson,Jesuthason Thampapillai Pdf

Risk, Taxpayers, and the Role of Government in Project Finance

Author : Michael W. Klein
Publisher : World Bank Publications
Page : 20 pages
File Size : 43,7 Mb
Release : 1999
Category : Electronic
ISBN : 8210379456XXX

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Risk, Taxpayers, and the Role of Government in Project Finance by Michael W. Klein Pdf

December 1996 A perennial question has been the relative cost of public and private finance for investment projects in infrastructure. Klein argues that the apparent cheapness of sovereign funds stems from taxpayers' not being remunerated for the contingent liability they effectively assume. So the proper role for government is to reduce the cost of risk-bearing for all projects by providing a stable and efficient policy framework. Klein concludes that government, through the tax system, cannot really do better than private financial markets at funding infrastructure projects. All the financial advantages of sovereign finance are due purely to coercive powers and are of no social value. Under government finance the taxpayers would bear a contingent liability that, if properly remunerated, would wipe out any cost advantage of sovereign borrowing. Governments should then refrain from investing in projects or firms, whether with equity or with debt. They should not cover commercial risks. In particular, one cannot argue that there is a tradeoff between the low cost of government finance and private efficiency. Private markets will do the best they can to tap low-cost funds while maintaining project discipline. They solve whatever tradeoff there is. The government cannot do better by raising funds. As a corollary, discount rates for private and public sector projects would not be expected to differ (contrary to standard practice). Arguing that the government cannot be expected to improve on the outcome of free financial markets is not to argue that all is the best in the best of all possible worlds and that there is no role for government. Private markets may not always find the best solutions. Market participants constantly search for better ways of trading risks. On average we could not expect governments to do better. More important, governments can significantly reduce the cost of risk-bearing by following prudent macroeconomic policies, supporting secure property rights, and deregulating and liberalizing financial markets so that private players can take the best advantage of low-cost funding opportunities. But it is inefficient to offset the risks created through bad policy by taxpayer-supported funding (which would amount to stealing from investors and compensating them by taking from taxpayers). Multilateral finance institutions should apply their financial instruments to support the development of better government policies - for example, by granting guarantees against policy failures where new policy regimes are not yet credible - and not simply invest in projects or guarantee the full credit risk of loans. This paper - a product of the Private Participation in Infrastructure Group, Private Sector Development Department - is part of a larger effort in the department to analyze issues relating to private participation in infrastructure.

Economic Analysis of Environmental Impacts

Author : John Dixon,Louise Scura,Richard Carpenter,Paul Sherman
Publisher : Routledge
Page : 268 pages
File Size : 53,7 Mb
Release : 2013-11-05
Category : Business & Economics
ISBN : 9781134164172

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Economic Analysis of Environmental Impacts by John Dixon,Louise Scura,Richard Carpenter,Paul Sherman Pdf

This revised and updated guide to the environmental economics of development projects demonstrates how the environmental impacts of projects can be translated into monetary values. The theoretical bases are examined, and the techniques themselves given detailed exposition, supported by extensive case studies illustrating a wide range of applications. The text should become a useful complement to all standard forms of project analysis.

Economic Analysis of Environmental Impacts

Author : John A. Dixon
Publisher : CATIE
Page : 270 pages
File Size : 43,5 Mb
Release : 1994
Category : Business & Economics
ISBN : 997757328X

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Economic Analysis of Environmental Impacts by John A. Dixon Pdf

First Published in 1994. Routledge is an imprint of Taylor & Francis, an informa company.

The Evaluation of Transportation Investment Projects

Author : Joseph Berechman
Publisher : Routledge
Page : 427 pages
File Size : 49,6 Mb
Release : 2010-05-26
Category : Business & Economics
ISBN : 9781135214081

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The Evaluation of Transportation Investment Projects by Joseph Berechman Pdf

This book constructs a comprehensive and methodical economic, planning and decision-making framework for the evaluation of proposed transportation infrastructure investment projects, based on well-established theoretical principles.

Applied Welfare Economics

Author : Massimo Florio,Chiara Pancotti
Publisher : Taylor & Francis
Page : 350 pages
File Size : 42,5 Mb
Release : 2022-08-30
Category : Business & Economics
ISBN : 9781000633177

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Applied Welfare Economics by Massimo Florio,Chiara Pancotti Pdf

Applied Welfare Economics: Cost-Benefit Analysis for Project and Policy Evaluation presents a consistent framework for applied welfare economics and is grounded in a comprehensive theory of cost-benefit analysis, specifically focused on offering a practical approach to policy and project evaluation. After opening with a theoretical discussion of the concept of social welfare, a critical analysis of the traditional doctrine of welfare economics embodied in the Two Fundamental Theorems, and a presentation of social cost-benefit analysis, the book introduces readers to an applied framework. This includes the empirical estimation of shadow prices of goods, the social cost of labour and capital, and the assessment of risk. The book also examines real-life experiences with cost-benefit analysis, including ex-post evaluation of major projects, economic rates of return in different sectors, and a case study on privatisation. These chapters draw on first-hand research gained by the author team from years of advisory work for the European Commission and other international and national institutions. This second edition presents updated data, more international examples, and more coverage of topics such as very long run discounting effects and climate change as an intergenerational effect. It also includes more practical examples and end-of-chapter questions to aid student’s learning. Applied Welfare Economics is a valuable textbook for upper-level courses on welfare economics, cost-benefit analysis, public policy analysis and related areas.

Project Appraisal and Valuation of the Environment

Author : P. Abelson
Publisher : Springer
Page : 304 pages
File Size : 48,7 Mb
Release : 1996-06-12
Category : Business & Economics
ISBN : 9780230374744

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Project Appraisal and Valuation of the Environment by P. Abelson Pdf

'The book is a pioneering attempt to see exactly what difference economic valuation of environmental effects would have made to six actual, on-going, development projects, if it had been done at the time of appraisal. It combines theoretical rigour with applied economic skills, presented with robust common sense.' - James Winpenny, Overseas Development Institute This book is a practical and readable guide to valuing the environment and the implications for public investment and policy, useful for students as well as professional economists, policy-makers, engineers, environmental and social planners. It describes how the environment can be valued and how these valuation concepts can be applied to investment decisions. The book provides first a general introduction to the key issues and concepts, considering the nature and magnitude of environmental problems, the cost-benefit method of evaluation and detailed methods for valuing the environment. It then analyses in detail six case-studies, based on actual or proposed major investment projects by the UK Overseas Development Administration or the World Bank. These include water quality in China, the supply of electricity in Bangladesh, slum improvements in India, mass transit in Nigeria, forest conservation in Kenya and soil quality in Bolivia. Thus the book is expected to be of special interest to professionals and students in developing countries, although much of the material has general application in developed as well as in developing countries.

Coping with Uncertainty

Author : Kurt Marti,Yuri Ermoliev,Marek Makowski,Georg Pflug
Publisher : Springer Science & Business Media
Page : 330 pages
File Size : 49,8 Mb
Release : 2006-11-23
Category : Business & Economics
ISBN : 9783540352624

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Coping with Uncertainty by Kurt Marti,Yuri Ermoliev,Marek Makowski,Georg Pflug Pdf

Ongoing global changes pose fundamentally new scientific problems requiring new concepts and tools. A key issue concerns a vast variety of practically irreducible uncertainties, which challenge traditional models and require new concepts and analytical tools. Uncertainty can dominate, as in the climate change debates. Increasing the resolution of models does not always yield sufficient certainty. This book presents much-needed new tools for modeling and management of uncertainty.

Cost-Benefit Analysis

Author : Harry F. Campbell,Richard P.C. Brown
Publisher : Taylor & Francis
Page : 489 pages
File Size : 51,8 Mb
Release : 2022-12-19
Category : Business & Economics
ISBN : 9781000773729

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Cost-Benefit Analysis by Harry F. Campbell,Richard P.C. Brown Pdf

Now in its third edition, Cost-Benefit Analysis has been updated, offering readers the perfect introduction to project, programme and policy appraisal using basic tools of financial and economic analysis. The key economic questions of any social cost-benefit analysis are: do the benefits of the project or policy exceed the costs, no matter how widely costs and benefits are spread, and irrespective of whether or not project impacts, such as environmental effects, are reflected in market prices? And which group or groups of individuals receive the benefits and which bear the costs? This book addresses these questions with an emphasis on putting the theory presented in the book into practice. This third edition has several attractive features: Readers are encouraged to develop their own skills by applying the tools and techniques of cost-benefit analysis to case studies and examples, including an analysis of a project which is developed throughout the book. The book emphasizes the use of spreadsheets which are invaluable in providing a framework for the cost-benefit analysis. A dedicated chapter provides guidance for writing up a report which summarises the analysis which has been undertaken. New pedagogical features, including Technical Notes and Examples, have been added as an aid to readers throughout the text. An appendix provides 14 additional case studies which can be developed in class or as assignment projects. Additional material for instructors and students is provided through Support Material maintained by Routledge. This updated edition is an ideal text for a course on cost-benefit analysis where the emphasis is on practical application of principles and equipping students to conduct appraisals. It is also a useful handbook for professionals looking for a logical framework in which to undertake their cost-benefit analysis work.