Ministry of Overseas Development, A Guide to the Economic Appraisal of Projects in Developing Countries

J. D. MacArthur

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International Development and Aid Capital Investment and Risk Analysis Economic, financial, and policy analysis

Abstract

Having been close to the debate on both the validity and the correct methodology of shadow pricing and the comprehensive economic appraisal of projects, 0DM decided some years ago to adopt a simplified form of the Little-Mirrlees procedure for application where relevant to the appraisal of projects supported with British project aid.The Ministry appears since to have applied economic appraisal in a more forthright

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