Overview

Capitalizing on the extensive experience of the author in estimating shadow prices, this text forges a bridge between theory and practice, explaining what shadow (or accounting) prices are, how they are used, and how they can be estimated. Starting from the basic principles of applied welfare economics, this book provides a step-by-step derivation of those formulas more frequently utilized in estimating shadow prices. The preparation and use of input-output techniques are examines in detail, and different estimation approaches and updating procedures are presented. Finally, a detailed case study of shadow prices for Colombia illustrates their practical application. The volume is aimed at students and teachers interested in cost-benefit analysis, and in shadow prices as a specialized field of applied welfare economics. In addition, it should be a useful source for applied economists and practitioners interested in calculating shadow prices.

Full Product Details

Author:   Elio H. Londero
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 15.60cm , Height: 2.70cm , Length: 23.40cm
Weight:   0.584kg
ISBN:  

9781843763574

ISBN 10:   1843763575
Pages:   288
Publication Date:   26 August 2003
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Contents: Preface 1. Basic Concepts 2. Foreign Exchange 3. Labor 4. Land 5. Fiscal Resources 6. Produced Goods 7. Using and Updating Shadow Prices 8. Shadow Prices for Colombia References Index

Reviews

'This is an excellent overview of both the conceptual underpinnings and the practical application of project economic analysis. It is strongly recommended for those wishing to explore the subject in depth. It is a major contribution to the literature.'

'This is an excellent overview of both the conceptual underpinnings and the practical application of project economic analysis. It is strongly recommended for those wishing to explore the subject in depth. It is a major contribution to the literature.' -- John Weiss, Asian Development Bank Institute, Tokyo, Japan 'Cost-benefit analysis is back in fashion, stronger than ever. There is no better guide to shadow pricing for policy and project appraisal than Elio Londero's text. A must for teachers and practitioners.' -- David Pearce, University College London, UK

Author Information

Elio H. Londero, formerly of the Inter-American Development Bank, Washington, DC, US

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