Interrelationship between Shadow Prices, Project Investment and Policy Reforms - An Analytical Framework
Ali, Ifzal | November 1990
Abstract
The paper begins with a broad overview of shadow prices emphasizing their close relationship with the policy environment. This is followed by the description of an analytical framework which integrates shadow prices and policies. The analytical framework is then used to highlight some of the major project evaluation shadow pricing rules. The interrelationship between project investment and public policy reforms emerges from this discussion. The paper ends with a description of some major research issues that need to be considered in assessing public choice between project investment and policy reforms. This agenda for research will help in determining whether the approach described in the paper can be operationalized in terms of quantification and measurement. While the main thrust of the paper is on the analytical aspects, a brief review of actual practice provides the interface with the analytics in indicating the research agenda.
Citation
Ali, Ifzal. 1990. Interrelationship between Shadow Prices, Project Investment and Policy Reforms - An Analytical Framework. © Asian Development Bank. http://hdl.handle.net/11540/3082. License: CC BY 3.0 IGO.Keywords
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Public Service Finance
Public Finance
Project Finance
Private Finance
Nonbank Financing
Non-Bank Financial Institutions
Municipal Finance
Local Government Finance
Local Currency Financing
Limited Resource Financing
International Financial Institutions
Infrastructure Financing
Industrial Finance
Government Financial Institutions
Government Finance
Financing of Infrastructure
Financial Sector Development
Financial Regulation
Public Sector Infrastructure
Public Sector Management
Public Sector Projects
Taxation
Public Accounting
National Budget
Municipal Bonds
Local Government
Local Taxes
International Monetary Relations
International Financial Market
International Banking
Central Banks
Business Financing
Capital Resources
Budgetary Policy
Capital Needs
Corporate Divestiture
Capital Instruments
Pension Funds
Insurance Companies
Banks
Portfolio Management
Fiscal Administration
Economics of Education
Development Banks
Public enterprises
Public finance
Infrastructure projects
Development projects
Grants
Loans
Use tax
Taxing power
State of taxation
Tax-sales
Tax revenue estimating
Tax planning
Spendings tax
Special assessments
Tax administration and procedure
Sales tax
Real property and taxation
Progressive taxation
Effect of taxation on land use
Effect of taxation on labor supply
Intergovernmental tax relations
Inheritance and transfer tax
Energy tax
Investment of public funds
Intergovernmental fiscal relations
Social infrastructure
Public works
Government lending
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