Project Appraisal in Developing Countries

The paper deals with some theoretical issues related to project appraisal in developing countries. It examines criteria for project appraisal under alternative policy assumptions: ( a ) optimal policies are applied throughout the economy, ( b ) non-optimal trade policies are applied but these will give place to optimal policies by the time the project is implemented, and ( c ) nonoptimal policies will continue to be applied during the lifetime of the project. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.