Over the past decade, South Africa has experienced a rising pace of economic and social development which has facilitated the expansion of the basic social programs, especially in health and education. The education sector has been given a high priority by the National and Provincial authorities...

The prevalence of malnutrition and anemia is high in Uganda. Thirty three percent of children under 5 years of age, are stunted and 5 percent wasted. This study conducts a cost-effectiveness analysis of the Integrated Management of Acute Malnutrition (IMAM) program in the southwest region of...

El presente documento tiene como objetivo evaluar alternativas de gestión y tamaños de colegios públicos en función de su contribución a la mejora del rendimiento de los estudiantes de primaria y al uso eficiente de los recursos públicos. Para tal fin, se utiliza la metodología de...

Conventional cost-benefit analysis incorporates the normally reasonable assumption that the policy or project under examination is marginal in the sense that it will not significantly change relative prices. In particular, it is assumed that the policy or project does not change the underlying...

World income grows fast without verifiable climate-change impacts on the economy. The growth spell can end if climate impacts turn real but this can take decades to learn. We develop a tractable stochastic climate-economy model with a hidden-state impact process to evaluate the contributions of...

The judicious selection of investment projects, at the micro and macro level, with recognition of resource constraints and complementary involvement of the private sector, will lead to sustained economic growth, equitable development, poverty reduction and private sector growth. Cost-Benefit...

In a growing economy, the discount rate to evaluate a long-term investment is the minimum rate of expected return that compensates for the increased intergenerational inequalities. Because the growth rate is uncertain, there is a precautionary argument in favor of lowering the discount rate. If...

We ask whether the US government should replace its current discounting practices with a declining discount rate schedule, as the United Kingdom and France have done, or continue to discount the future at a constant exponential rate. We present the theoretical basis for a declining discount rate...

High-Speed Rail (HSR) is designed for travelers with high value of time. HSR offer fast and reliable services and good possibilities for work during the journey. Surprisingly, these benefits of HSR investment proposals are often appraised by use of travel-time valuations of people who use...

This paper derives the properties of the discount rate that should be applied to a public-sector project when the affected population has heterogeneous degrees of impatience. We show that, for any distribution of discount rates, the social discount rate has the following properties: it decreases...