Shadow Prices for Economic Appraisal of Projects: An Application to Thailand (World Bank Staff Working Paper)
by Sadiq Ahmed
This World Bank Staff Working Paper by Sadiq Ahmed examines the use of shadow prices for economically appraising projects, with a specific application to Thailand. It outlines methodologies to assess true costs and benefits, aiding better decision-making in development planning and resource allocation in emerging economies.
About This Book
Shadow prices serve as essential tools in economic analysis, particularly for appraising projects in resource-constrained environments like Thailand. This paper delves into their methodological application within the framework of public investment decisions.
The study focuses on integrating shadow pricing techniques to better reflect true economic costs and benefits, moving beyond market prices that may not capture social or environmental impacts.
By applying these concepts to real-world Thai projects, the work offers insights into improving appraisal accuracy and policy formulation for sustainable development.
Intended for economists and policymakers, it highlights the practical challenges and solutions in implementing shadow price methodologies in a national context.
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