Private Foreign Investment in Developing Countries : A Quantitative Study on the Evaluation of the Macro-Economic Effects

I Evaluation of Private Foreign Investment-A Critical Survey of Current Approaches -- I. General Introduction -- II. Problems in and Criteria for Evaluating the Impact of PFI -- III. The Contribution to GNP -- IV. The Balance of Payments Effect of PFI -- V. Issues Concerning Other Effects of PFI -- VI. The UNCTAD Study on PFI -- II A Macro-Economic Methodology for the Appraisal of the Effects of Private Foreign Investments in Less Developed Countries -- Summary of Part II -- I. General Introduction -- II. A Model of a LDC’s Economy with Special Reference to PFI -- III. The Economic Effects of PFI -- IV. Other Economic Effects of PFI not Considered by the Model -- V. The Interdependence — Simultaneous and Over Time — of the Effects of PFI -- VI. The ‘Cumulative’ Effects of PFI -- VII. The ‘Marginal’ Effects of PFI -- VIII. Cumulative and Marginal Effects Compared -- IX. Sectoral Disaggregation and Input-Output Analysis -- X. Various Practical Situations and the Use of the Model -- XI. The Use of the Model for Decision Making -- XII. The Use of the Model for Empirical Investigations -- XIII. Evaluation and Conclusions -- List of References -- III Empirical Application of the Macro-Economic Methodology -- I. General Introduction -- II. The Choice of Countries -- III. The Main Modifications Introduced -- IV. Estimation of the Parameters and Solving Procedure -- V. India -- VI. The Philippines -- VII. Ghana -- VIII. Guatemala -- IX. Argentina -- X. A General Comparison of the Empirical Outcomes -- XI Alternative Assumptions About Import Substitutions -- XII. General Conclusions on the Empirical Application on the Methodology -- IV The Appraisal of Private Foreign Investment Projects — A Social Cost-Benefit Approach -- I. Introduction -- II. Principles of Social Cost-Benefit Analysis -- III. Basic Characteristics of Private Foreign Investment Projects as Distinct from Domestic Investment Projects -- IV. The Impact of the Special Characteristics of Private Foreign Investment on the Methodology of Social Cost-Benefit Analysis -- V. Outline of a Social Benefit-Cost Scheme for Appraising Private Foreign Investment Proposals -- VI. Some Refinements and Complications -- VII. Social Cost-Benefit Analysis as a Tool in Negotiating With Foreign Firms -- Author Index.