Readings

SES # TOPICS READINGS
I. Introduction
1

Introduction to Project Evaluation and Course Overview

The Development Planning Tradition

Jenkins, G. P., and A. C. Harberger. Chapter 1 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.

Jenkins, G. P. "Project Analysis and the World Bank." American Economic Review 87, no. 2 (May 1997): pp. 38-42.
2 The Project Cycle: Project Identification and Appraisal

Jenkins, G. P., and A. C. Harberger. Chapter 2 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.

Sierra Leone PID (PDF)

Malawi Health PID (PDF)
II. Financial Appraisal
3 Development of Financial Cash Flows for Project Evaluation: Investment Plan Jenkins, G. P., and A. C. Harberger. Chapter 3 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-10. ISBN: 1858981948.
4 Development of Financial Cash Flows for Project Evaluation: Operating Plan, Analysis from Alternative Points of View Jenkins, G. P., and A. C. Harberger. Chapter 3 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997, pp. 10-18. ISBN: 1858981948.
5 Discounting and Alternative Investment Criteria Jenkins, G. P., and A. C. Harberger. Chapter 4 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-15. ISBN: 1858981948.
6 Alternative Investment Criteria and Problems of Durability and Correction Procedures Jenkins, G. P., and A. C. Harberger. Chapter 4 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997, pp. 15-22. ISBN: 1858981948.
7 Scale, Timing, and Interdependencies in a Project - 1 Jenkins, G. P., and A. C. Harberger. Chapter 5 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-15. ISBN: 1858981948.
8 Scale, Timing, and Interdependencies in a Project - 2  
9 Forecasting and the Treatment of Inflation - 1 Jenkins, G. P., and A. C. Harberger. Chapter 6 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.
10 Forecasting and the Treatment of Inflation - 2  
11 Risk Analysis Belli, Pedro, et. al. "Risk and Sensitivity Analysis." Chapter 10 in Economic Analysis of Investment Operations: Analytical Tools and Practical Applications (Wbi Development Studies). Washington, DC: World Bank, 2001. ISBN: 0821348507.
12 Project Financing and Risk Management

Savvides, S. "Risk Analysis in Investment Appraisal." Project Appraisal 9.

Curry, Steve, and John Weiss. "Uncertainty." Chapter 9 in Project Analysis in Developing Countries. London, UK: Palgrave Macmillan, 1999. ISBN: 0333792912.
13 Debrief Problem Set 4: Risk Analysis  
III. Economic Appraisal and Cost-Effectiveness Analysis
14 Overview of Economic Analysis of Investment Decisions

Jenkins, G. P., and A. C. Harberger. Chapter 7 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.

Curry, and Weiss. "National Economic Returns and the Use of Economic Prices." Chapter 4 in Project Analysis in Developing Countries. London, UK: Palgrave Macmillan, 1999. ISBN: 0333792912.
15 Measurement of Economic Benefits and Costs in Undistorted Markets; with Sales Taxes and Subsidies

Jenkins, G. P., and A. C. Harberger. Chapter 8 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.

–––. Chapter 9 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-15.
16 Measurement of Economic Benefits and Costs in Distorted Markets: Taxes, Rationing, Monopolies Jenkins, G. P., and A. C. Harberger. Chapter 9 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997, pp. 15-25. ISBN: 1858981948.
17 Measurement of Economic Benefits and Costs in Distorted Markets: Tradables and Forex Jenkins, G. P., and A. C. Harberger. Chapter 10 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997. ISBN: 1858981948.
18 Economic Opportunity Cost of Capital: Discount Rates

Jenkins, G. P., and A. C. Harberger. Chapter 12 in Program on Investment Appraisal and Management Manual - Cost Benefit Analysis of Investment Decisions. Cambridge, MA: Harvard Institute for International Development, 1997, pp. 1-16. ISBN: 1858981948.

Sjaastad, L. A., and D. L. Wisecarver. "The Social Cost of Public Finance." Journal of Political Economy 85, no. 3 (1977): 513-547.

Edwards, S. "Country Risk, Foreign Borrowing, and the Social Discount Rate in an Open-Developing Economy." Journal of International Money and Finance 5, (March 1986): s79-s96. (Supplement)
19 Cost-Effectiveness Analysis

Belli, Pedro, et. al. Chapter 7 and 9 in Economic Analysis of Investment Operations: Analytical Tools and Practical Applications (Wbi Development Studies). Washington, DC: World Bank, 2001. ISBN: 0821348507.

Vietnam - Second Rural Transport Project World Bank CE Project Appraisal Document (PDF - 5 MB)
IV. Critical Analysis of Quantitative Appraisal Techniques
20 Social-Distributive Appraisal of Projects

Harberger, A. C. "Basic Needs versus Distributional Weights in Social Cost-Benefit Analysis." Economic Development and Cultural Change 32, no. 3 (April 1984): 455-474.

Curry, and Weiss. "Income Distribution Effects of Projects." Chapter 11 in Project Analysis in Developing Countries. London, UK: Palgrave Macmillan, 1999. ISBN: 0333792912.
21 Institutional Dimensions: Local Politics and Capacity - Project Implementation, Monitoring

Smoke, P. and H. Evans. "Institutionalizing Decentralized Project Planning Under Kenya's Program for Rural Trade and Production Centers." Third World Planning Review 15, no. 3 (1993): 221-247.

Binnendijk, A. "Donor Experience with the Monitoring and Evaluation of Development Projects." In Methods for Social Analysis in Developing Countries. Edited by K. Finsterbush, J. Ingersoll, and L. Llewellyn. Boulder, CO: Westview Press, 1990, pp. 165-185. ISBN: 081337829X.

Fontaine, E. R. "Project Evaluation Training and Public Investment in Chile." American Economic Review 87, no. 2 (May 1997): 63-67.
22 Institutional Dimensions of Project Appraisal: the Funders

Honadle, G. H. and S. T. Walker, and J. M. Silverman. "Dealing with Institutional and Organizational Realities." In Implementing Rural Development Projects. Edited by E. R. Morss and D. D. Gow. Boulder, CO: Westview Press, 1985, pp. 33-63. ISBN: 0865319421.

Nwagwu, E. O. C. "Budgeting for Development: the case of Nigeria." Public Budgeting and Finance 12, no. 1 (1992): 73-82.

Alesina, A., and R. Perotti. "Fiscal Discipline and the Budget Process." American Economic Review 86, no. 2 (1996): 401-407.

Tendler, J. "Undoing the poverty agenda and putting it back together: social policy, economic development, or what?" In Reinventing Foreign Aid. Edited by W. R. Easterly. Cambridge, MA: MIT Press, 2005, pp. 1-12. (Forthcoming)
23 Project Appraisal and Project Evaluation World Bank Evaluation Document (PDF - 2.8 MB)
24 Rational Analysis in the Field

Peattie, L. "Representation." Chapter 6 in Planning: Rethinking Ciudad Guyayana. Ann Arbor, MI: University of Michigan Press, 1987. ISBN: 0472080695.

Cernea, M., ed. "Sociological Knowledge for Development Projects." In Putting People First: Sociological Variables in Rural Development. New York, NY: Oxford University Press, 1985, pp. 3-21. ISBN: 0195204654.
25 Participation in Development Projects

Finsterbusch, K., and W. Van Wicklin. "The Contribution of Beneficiary Participation to Development Project Effectiveness." Public Administration and Development 7 no. 1 (1987): 1-23.

Chambers, R. "Participatory Rural Appraisal: Challenges, Potentials, and Paradigm." World Development 22, no. 10 (1994): 1437-1454.

McFarquhar, A. "Environment Valuation, Project Appraisal and Political Consensus in the Third World." In Planning and Markets. Vol. 4.
26 Projects in Practice

Lindblom, C. E. "The Science of Muddling Through." Public Administration Review 19, no. 2 (1959): 79-88.

Hirschman, A. O. Development Projects Observed. Washington, DC: Brookings Institution, 1967/1995, pp. 1-34. ISBN: 0815736525.