Journal ArticleDOI
The shadow exchange rate in an economy with trade restrictions
Trent J. Bertrand
- Vol. 26, Iss: 2, pp 185-191
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The article was published on 1974-07-01. It has received 19 citations till now. The article focuses on the topics: Interest rate parity & Exchange rate.read more
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Book ChapterDOI
Chapter 14 The theory of cost-benefit analysis
Jean Drèze,Nicholas Stern +1 more
TL;DR: Cost-benefit analysis as discussed by the authors provides a consistent procedure for evaluating decisions in terms of their consequences, and is widely used in decision-making, such as tax, trade, or income policies.
Book ChapterDOI
The Normative Theory of International Trade
TL;DR: In this article, the authors discuss central parts of policy-oriented normative trade theory on the terms of trade argument for protection and provide an overview on theory of domestic distortions, and the first best policy is then to deal with this divergence directly.
Journal ArticleDOI
Project Appraisal and Foreign Exchange Constraints
TL;DR: In this paper, the shadow price of foreign exchange is analyzed in the context of project selection in a single-consumer economy and the analysis is conducted in the sense that the shadow prices appropriate for use in project selection depend on the market imperfections that are judged to be present.
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Book
Guidelines for project evaluation
TL;DR: Guidelines for project evaluation as discussed by the authors, Guidelines for Project Evaluation (GTE), is a set of guidelines for the evaluation of projects in the field of software engineering, which can be found here.
Journal ArticleDOI
Foreign Exchange Shadow Prices: A Critical Review of Current Theories
Edmar Bacha,Lance Taylor +1 more
TL;DR: In this article, the welfare approach was used to evaluate the performance of exchange rates and welfare measures in the context of foreign exchange production, and compared the methods and a recommended evaluation rule.
Journal ArticleDOI
Estimating the shadow price of foreign exchange in project appraisal
TL;DR: In this paper, the shadow price of foreign exchange under the assumption of optimal policies and continuing protection for project evaluation in developing countries is discussed, where the shadow exchange rate has the advantage that it focuses on the balance of payments constraint of developing countries, and external factors such as world demand conditions, foreign aid, private investment, and debt servicing can easily be taken into account.
Book ChapterDOI
Survey of Literature on Cost-Benefit Analysis for Industrial Project Evaluation
TL;DR: The field of industrial project evaluation is a relatively new branch of economic analysis, and as such is still in its formative stages as mentioned in this paper. Numerous gaps still exist in the available literature, and in many cases alternative approaches to problems have been suggested which entail differences of concept that are as yet unresolved.