The financial analysis of a project helps determine the financial viability and sustainability of the project. Since the integrated project analysis begins with the financial analysis and then the economic analysis, the concepts and data ought to be organized in a consequential and consistent...

This chapter discusses the alternative investment criteria commonly used in the appraisal of investment projects. The net present value (NPV) of a project criterion is widely accepted by accountants, financial analysts, and economists as the one that yields the correct project choices in all...

In the financial cash flow analysis, a set of values for the project variables are selected to carry out the analysis for the base case that are projected over the life of the investment project. The values of these variables used in the analysis and the resulting outcomes from a predictive...

Non-tradable items are those which are not traded internationally. They include items such as services where the demander and producer must be in the same location, and commodities which have low value relative to either their weight or volume. In such cases the transportation charges prevent...

The purpose of this chapter is to illustrate how a proposed investment in upgrading a gravel road to a tarred surface should be evaluated. The project is located in the Limpopo Province of South Africa. It involves upgrading of two existing, mainly gravel, roads into a tar surface road...

This study analyzes the treatment effects of public training programs for the unemployed in Germany. Based on propensity score matching methods we extend the picture that has been sketched in previous studies by estimating treatment effects of medium-term programs for different sub-groups with...

Wir berichten über die Evaluation des Pilotprojektes eines Berliner Sozialamts zur Integration junger Sozialhilfeempfänger in das Erwerbsleben. Dem Workfare-Prinzip folgend war die Teilnahme an dem Programm für die ausgewählten Personen verpflichtend. Wer die Teilnahme verweigerte, erhielt...

We are reporting from an evaluation of a municipal workfare pilot project. The program was intended to integrate young welfare recipients into employment. According to the workfare principle, participation was mandatory for those being assigned to the program. Welfare claims were denied for...

The social or economic discount rate is the threshold rate used to calculate the net present value of an investment project, a program, or a regulatory intervention to see whether the proposed expenditures are economically worthwhile to undertake. The size of the economic rate of discount has...

The so-called Hartz reform has introduced fundamental changes for publicly sponsored training in Germany. This concerns primarily the emission of training vouchers as an exclusive allocation device, allowing potential participants free choice among training providers within a given training...