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    Shadow pricing agricultural projects: an approach using unknown parameters

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    Publication date
    1990
    Author
    Potts, David J.
    Keyword
    Shadow pricing; Third world; Agricultural projects
    Peer-Reviewed
    Yes
    
    Metadata
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    Abstract
    The ‘Modified UNIDO Approach’ to economic analysis of projects is described. It was used in Tanzania when no national parameters were available for shadow pricing. The main features are: the choice of a domestic price numeraire; the use of cost breakdowns rather than composite conversion factors, and their application on a year-by-year basis rather than to present values; the treatment of the shadow exchange rate as an unknown and the presentation of results as a matrix of NPV values relating to different combinations of parameters; and calculation of the domestic resource cost of foreign exchange to rank the efficiency of projects in earning or saving foreign exchange.
    URI
    http://hdl.handle.net/10454/13224
    Version
    No full-text in the repository
    Citation
    Potts D (1990) Shadow pricing agricultural projects: an approach using unknown parameters. Project Appraisal. 5(3): 167-174.
    Link to publisher’s version
    https://doi.org/10.1080/02688867.1990.9726766
    Type
    Article
    Collections
    Social Sciences Publications

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