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The "effects method" of project evaluation (Французский)

The effects method of project appraisal, which is widely used in French-speaking African countries, is critically evaluated. The effects method values products and their tradeable inputs at shadow or world market prices. Primary factors other than capital are valued at their market prices or assigned a shadow price of zero. The effects method disregards the possible choice among alternative sources of supply of tradeable inputs. Recommendations are...
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