For purposes of social cost-benefit analysis, a project may be viewed as a disturbance to the economy, displacing it from some initial equilibrium to a new one. But the new configuration will depend on which particular variables adjust to restore equilibrium. This paper examines the shadow prices for project evaluation under alternative assumptions about how equilibrium is restored. When the government reacts by altering its foreign exchange reserves...
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INFORMATION
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1983/08/31
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Article de revue
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REP282
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1
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1
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2010/07/01
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Shadow prices for project evaluation under alternative macroeconomic specifications
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shadow price
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