Pohl, Gerhard; Mihaljek, Dubravko - In: World Bank Economic Review 6 (1992) 2, pp. 255-77
This article analyzes the World Bank's experience with project evaluation for a sample of l,015 projects by comparing estimated rates of return at appraisal with reestimated rates of return when construction works are completed, usually 5 to 10 years after appraisal. The analysis highlights the...
