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Some guidelines for the appraisal of large projects (Английский)

The paper examines possible modifications to standard techniques of cost-benefit analysis as employed by the World Bank in the appraisal of large projects. The identification of the main issues raised by standard practice is based largely on a review of a sample of Bank appraisals of large projects. The paper identifies three areas in which current methods may be improved in practice, including the measurement of benefits, the treatment of uncertainty...
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