Publication
Open Access

Economic and financial evaluation of investment projects : general principles and EC procedures

Loading...
Thumbnail Image
Files
ECO_1984_119.pdf (2.69 MB)
Full-text in open access
1984_EUIWP_119.pdf (18.32 MB)
Full-text in Open Access
License
Full-text via DOI
ISBN
ISSN
Issue Date
Type of Publication
Keyword(s)
LC Subject Heading
Other Topic(s)
EUI Research Cluster(s)
Initial version
Succeeding version
Preceding version
Published version part
Earlier different version
Initial format
Citation
Florence : European University Institute, 1984
EUI Working Papers; 119; [ECO]
Cite
Abstract
Public lenders - national and international - assess competing investment projects put forward by potential borrowers according to criteria differing from those of private investors with respect to both the scope of investment analysis and the prices at which costs and benefits are reckoned. This paper considers the general principles established in the standard practices developed by public lenders and.the actual procedures followed by the European Commission (documents VIII/700/76-E of March 1976 and subsequent revisions; VIII/2057/79 of February 1979; VIII/527/79-EN and subsequent revisions). In general, evaluation procedures of this kind are useful for assembling relevant information and testing the consistency of assumptions within the project and within the economy, but the dominance of current prices limits the reliability of procedures and turns them into microeconomic exercises unless they are viewed as only a stage in the planning process, subject to successive rounds of iteration and checks.
Table of Contents
Additional Information
First made available online in May 2015.
External Links
Version
Research Projects
Sponsorship and Funder Information