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A guide to the guidelines : the UNIDO method of economic project evaluation (English)

The United Nations Industrial Development Organization (UNIDO) guidelines for economic project evaluation are analyzed and are broken down into four stages through step-by-step adjustments in a set of standardized analytic tables. These stages involve: 1) calculation of commercial profitability at market prices; 2) calculation of the project's net aggregate consumption benefit at shadow prices; 3) adjustment for the social value of investment; and 4) addition of benefits deriving from accomplishment of other national goals, such as income redistribution. The guidelines are similar to the Little/Mirrlees manual published by Organisation for Economic Co-operation and Development (OECD), and most of the differences have been reduced or eliminated in the course of debate following publication of the two manuals. Annexes include comparison of the UNIDO and Little/Mirrlees methods, the standarized analytic tables, shadow pricing principles, and distributional analysis of the project's impact on savings and investment and the impact on income redistribution. Statistical and economic data are included.

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Citation

Hansen,Vernon J.

A guide to the guidelines : the UNIDO method of economic project evaluation (English). Staff working paper ; no. SWP 166 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/903231468329395903/A-guide-to-the-guidelines-the-UNIDO-method-of-economic-project-evaluation