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11.484

Project Appraisal in Developing Countries

Graduate · Historical course

Spring 2005

Topics

  • The Project Cycle: Project Identification and Appraisal
  • Development of Financial Cash Flows for Project Evaluation: Investment Plan
  • Development of Financial Cash Flows for Project Evaluation: Operating Plan, Analysis from Alternative Points of View
  • Discounting and Alternative Investment Criteria
  • Alternative Investment Criteria and Problems of Durability and Correction Procedures
  • Scale, Timing, and Interdependencies in a Project - 1
  • Scale, Timing, and Interdependencies in a Project - 2
  • Forecasting and the Treatment of Inflation - 1
  • Forecasting and the Treatment of Inflation - 2
  • Risk Analysis
  • Project Financing and Risk Management
  • Debrief Problem Set 4: Risk Analysis
  • Overview of Economic Analysis of Investment Decisions
  • Measurement of Economic Benefits and Costs in Undistorted Markets: With Sales Taxes and Subsidies
  • Measurement of Economic Benefits and Costs in Distorted Markets: Taxes, Rationing, Monopolies
  • Measurement of Economic Benefits and Costs in Distorted Markets: Tradables and Forex
  • Economic Opportunity Cost of Capital: Discount Rates
  • Cost-Effectiveness Analysis
  • Social-Distributive Appraisal of Projects
  • Institutional Dimensions: Local Politics and Capacity - Project Implementation, Monitoring
  • Institutional Dimensions of Project Appraisal: the Funders
  • Project Appraisal and Project Evaluation
  • Rational Analysis in the Field
  • Participation in Development Projects
  • Projects in Practice

Readings

  • Jenkins, G. P., and A. C. Harberger. Chapter 1 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.
    Listed reading
  • Jenkins, G. P. “Project Analysis and the World Bank.” American Economic Review 87, no. 2 (May 1997): pp. 38-42.
    Listed reading
  • Jenkins, G. P., and A. C. Harberger. Chapter 2 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.
    Listed reading
  • SES #: 3 · TOPICS: Development of Financial Cash Flows for Project Evaluation: Investment Plan · READINGS: Jenkins, G. P., and A. C. Harberger. Chapter 3 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-10. ISBN: 1858981948.
    Reading assignment
  • SES #: 4 · TOPICS: Development of Financial Cash Flows for Project Evaluation: Operating Plan, Analysis from Alternative Points of View · READINGS: Jenkins, G. P., and A. C. Harberger. Chapter 3 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997, pp. 10-18. ISBN: 1858981948.
    Reading assignment
  • SES #: 5 · TOPICS: Discounting and Alternative Investment Criteria · READINGS: Jenkins, G. P., and A. C. Harberger. Chapter 4 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-15. ISBN: 1858981948.
    Reading assignment
  • SES #: 6 · TOPICS: Alternative Investment Criteria and Problems of Durability and Correction Procedures · READINGS: Jenkins, G. P., and A. C. Harberger. Chapter 4 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997, pp. 15-22. ISBN: 1858981948.
    Reading assignment
  • SES #: 7 · TOPICS: Scale, Timing, and Interdependencies in a Project - 1 · READINGS: Jenkins, G. P., and A. C. Harberger. Chapter 5 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-15. ISBN: 1858981948.
    Reading assignment
  • SES #: 9 · TOPICS: Forecasting and the Treatment of Inflation - 1 · READINGS: Jenkins, G. P., and A. C. Harberger. Chapter 6 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.
    Reading assignment
  • SES #: 11 · TOPICS: Risk Analysis · READINGS: Belli, Pedro, et. al. “Risk and Sensitivity Analysis.” Chapter 10 in Economic Analysis of Investment Operations: Analytical Tools and Practical Applications (Wbi Development Studies) . Washington, DC: World Bank, 2001. ISBN: 0821348507.
    Reading assignment
  • Savvides, S. “ Risk Analysis in Investment Appraisal .” Project Appraisal 9. ↗
    Listed reading
  • Curry, Steve, and John Weiss. “Uncertainty.” Chapter 9 in Project Analysis in Developing Countries . London, UK: Palgrave Macmillan, 1999. ISBN: 0333792912.
    Listed reading
  • Jenkins, G. P., and A. C. Harberger. Chapter 7 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.
    Listed reading
  • Curry, and Weiss. “National Economic Returns and the Use of Economic Prices.” Chapter 4 in Project Analysis in Developing Countries . London, UK: Palgrave Macmillan, 1999. ISBN: 0333792912.
    Listed reading
  • Jenkins, G. P., and A. C. Harberger. Chapter 8 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.
    Listed reading
  • –––. Chapter 9 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-15.
    Listed reading
  • SES #: 16 · TOPICS: Measurement of Economic Benefits and Costs in Distorted Markets: Taxes, Rationing, Monopolies · READINGS: Jenkins, G. P., and A. C. Harberger. Chapter 9 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997, pp. 15-25. ISBN: 1858981948.
    Reading assignment
  • SES #: 17 · TOPICS: Measurement of Economic Benefits and Costs in Distorted Markets: Tradables and Forex · READINGS: Jenkins, G. P., and A. C. Harberger. Chapter 10 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.
    Reading assignment
  • Jenkins, G. P., and A. C. Harberger. Chapter 12 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions . Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-16. ISBN: 1858981948.
    Listed reading
  • Sjaastad, L. A., and D. L. Wisecarver. “The Social Cost of Public Finance.” Journal of Political Economy 85, no. 3 (1977): 513-547.
    Listed reading
  • Edwards, S. “Country Risk, Foreign Borrowing, and the Social Discount Rate in an Open-Developing Economy.” Journal of International Money and Finance 5, (March 1986): s79-s96. (Supplement)
    Listed reading
  • Belli, Pedro, et. al. Chapter 7 and 9 in Economic Analysis of Investment Operations: Analytical Tools and Practical Applications (Wbi Development Studies) . Washington, DC: World Bank, 2001. ISBN: 0821348507.
    Listed reading
  • Harberger, A. C. “Basic Needs versus Distributional Weights in Social Cost-Benefit Analysis.” Economic Development and Cultural Change 32, no. 3 (April 1984): 455-474.
    Listed reading
  • Curry, and Weiss. “Income Distribution Effects of Projects.” Chapter 11 in Project Analysis in Developing Countries . London, UK: Palgrave Macmillan, 1999. ISBN: 0333792912.
    Listed reading
  • Smoke, P. and H. Evans. “Institutionalizing Decentralized Project Planning Under Kenya’s Program for Rural Trade and Production Centers.” Third World Planning Review 15, no. 3 (1993): 221-247.
    Listed reading
  • Binnendijk, A. “Donor Experience with the Monitoring and Evaluation of Development Projects.” In Methods for Social Analysis in Developing Countries . Edited by K. Finsterbush, J. Ingersoll, and L. Llewellyn. Boulder, CO: Westview Press, 1990, pp. 165-185. ISBN: 081337829X.
    Listed reading
  • Fontaine, E. R. “Project Evaluation Training and Public Investment in Chile.” American Economic Review 87, no. 2 (May 1997): 63-67.
    Listed reading
  • Honadle, G. H. and S. T. Walker, and J. M. Silverman. “Dealing with Institutional and Organizational Realities.” In Implementing Rural Development Projects . Edited by E. R. Morss and D. D. Gow. Boulder, CO: Westview Press, 1985, pp. 33-63. ISBN: 0865319421.
    Listed reading
  • Nwagwu, E. O. C. “Budgeting for Development: the case of Nigeria.” Public Budgeting and Finance 12, no. 1 (1992): 73-82.
    Listed reading
  • Alesina, A., and R. Perotti. “Fiscal Discipline and the Budget Process.” American Economic Review 86, no. 2 (1996): 401-407.
    Listed reading
  • Tendler, J. “Undoing the poverty agenda and putting it back together: social policy, economic development, or what?” In Reinventing Foreign Aid . Edited by W. R. Easterly. Cambridge, MA: MIT Press, 2005, pp. 1-12. (Forthcoming)
    Listed reading
  • SES #: 23 · TOPICS: Project Appraisal and Project Evaluation · READINGS: World Bank Evaluation Document ( PDF - 2.8 MB ) ↗
    Reading assignment
  • Peattie, L. “Representation.” Chapter 6 in Planning: Rethinking Ciudad Guyayana . Ann Arbor, MI: University of Michigan Press, 1987. ISBN: 0472080695.
    Listed reading
  • Cernea, M., ed. “Sociological Knowledge for Development Projects.” In Putting People First: Sociological Variables in Rural Development . New York, NY: Oxford University Press, 1985, pp. 3-21. ISBN: 0195204654.
    Listed reading
  • Finsterbusch, K., and W. Van Wicklin. “The Contribution of Beneficiary Participation to Development Project Effectiveness.” Public Administration and Development 7 no. 1 (1987): 1-23.
    Listed reading
  • Chambers, R. “Participatory Rural Appraisal: Challenges, Potentials, and Paradigm.” World Development 22, no. 10 (1994): 1437-1454.
    Listed reading
  • McFarquhar, A. “Environment Valuation, Project Appraisal and Political Consensus in the Third World.” In Planning and Markets. Vol. 4.
    Listed reading
  • Lindblom, C. E. “The Science of Muddling Through.” Public Administration Review 19, no. 2 (1959): 79-88.
    Listed reading
  • Hirschman, A. O. Development Projects Observed . Washington, DC: Brookings Institution, 1967/1995, pp. 1-34. ISBN: 0815736525.
    Listed reading
Sources