Devarajan, Shantayanan; Squire, Lyn; … - Economics Research, World Bank Group - 1995
counterfactual: what wouldthe world have looked like in the absence of the project? Since World Bank projects are public sector …The authors focus on two broad questions: 1) what is the proper role for project evaluation in today's world, where … private sector counterfactual during evaluation biases the lending mix of the Bank away from projects with strong public good …