Evaluation of Stakeholder Impacts in Cost-Benefit Analysis
This paper expands the scope of the analyses of both public and private investment projects beyond the traditional criteria of the financial and economic net present value of an investment. It shows that if the economic and financial analyses are carried out using a common numeraire, preferebly, expressing all values in terms of the domestic prices at the domestic price level, the scope of the analysis can be expanded to include issues of stakeholder impacts, poverty impacts, and an assessment of the long term sustainability.
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|Date of creation:||1998|
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