The goal of a proper project evaluation is to stop bad projects and to prevent good projects from being rejected. This book on Cost-Benefit Analysis for Investment Decisions is aimed at helping public officials and private analysts develop and evaluate investment projects to promote economic and...

In the integrated financial and economic analysis, there is a need to choose a numeraire in which all costs and benefits are expressed. The most common practice has been to express all costs and benefits in terms of domestic currency at a domestic price level. This is the natural rule to follow...

The paper evaluates the economic and fiscal impacts in Canada of the exploration tax credit introduced in December 1985. It has examined such issues as the extent of exploration directly attributable to the credit, the cost of the credit to the federal government in forgone tax revenue, the...

The paper describes the general approach to project various tax revenues in future years under the current tax law and proposed changes in the law. It also presents a short term monthly model for monitoring tax revenues. The model is applied to the case of China.

The paper develops a theoretical framework to measure the effective federal and provincial sales tax rates for final demand commodities. The results show that non-neutralities exist not only in the federal sales tax but also in other taxes in the Canadian commodity tax system. One of the most...

The paper develops a regional general equilibrium model of the Canadian economy to analyze the sectoral and regional impacts of the major changes to the Canadian sales tax system. The results indicate that replacing the federal sales tax with the goods and service tax increases real output in...

The paper is to analyze the inter-industry price and demand effects that were likely to arise from the system of excise tax indexation. The system existed in the period April 1981 to August 1984 in Canada. The paper points out that the unintended cross price effects can be very large when there...

This paper is a comment note on the article by R. N. Batra and R. Singh for their strong conditions required for the existence of the short-run equilibrium and the long-run equilibrium in a two-sector growth model with an intermediate product. Our paper shows that the factor intensities of final...

This paper develops the new market-oriented economic policies for sustainable development of underdeveloped countries, which have been poor and reply on external assistance for decades. The case applies to Guyana because of its chronic deficit and deteriorated facilities in hydraulic systems. To...

This paper is to evaluate the current methodologies for revenue forecasting of all revenue agencies, the Ministry of Finance and elsewhere and to make recommendations for the modification of the existing methods and to propose alternative approaches in Ghana. The paper also describes a...