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Economic Analysis of the Environmental Aspects of Investment Projects

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  • Vaughan, William J.
  • Ardila, Sergio

Abstract

This working paper develops upon the idea that economic analysis has a definite role to play in informing decision makers about the desirability of going ahead with an investment project designed to improve environmental quality and also that the role of precision in this matter is not trivial. The authors focus mainly on the costs and benefits of projects directly aimed at natural resource or environmental quality improvement, and the costs implied by the mandatory environmental assessment of investment projects whose primary purpose is not environmental. Also included is a review of IDB environmental procedures and the IDB's experience with mitigating measures and costs.

Suggested Citation

  • Vaughan, William J. & Ardila, Sergio, 1993. "Economic Analysis of the Environmental Aspects of Investment Projects," IDB Publications (Working Papers) 6300, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:6300
    DOI: http://dx.doi.org/10.18235/0011617
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    References listed on IDEAS

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    Cited by:

    1. Sergio Ardila & Ricardo Quiroga & William J. Vaughan, 1998. "A Review of the Use of Contingent Valuation Methods in Project Analysis at the Inter-American Development Bank," IDB Publications (Working Papers) 33298, Inter-American Development Bank.
    2. Russell, Clifford S. & Powell, Philip T., 1996. "Choosing Environmental Policy Tools: Theoretical Cautions and Practical Considerations," IDB Publications (Working Papers) 6219, Inter-American Development Bank.
    3. Cavatassi, Romina, 2004. "Valuation methods for environmental benefits in forestry and watershed investment projects," ESA Working Papers 23799, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    4. Clifford S. Russell & Philip T. Powell, 1996. "Choosing Environmental Policy Tools: Theoretical Cautions and Practical Considerations," IDB Publications (Working Papers) 25258, Inter-American Development Bank.

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