A general equilibrium cost- benefit approach to policy reform and project evaluation in Malaysia.

In this paper the authors argue that the use of general equilibrium methodology to calculate shadow prices for policy reform and project evaluation need not be prohibitively complex. They also suggest that along with shadow prices analysts should present other multipliers which describe the effects of perturbations of policies and projects on other variables of concern to policy makers like employment in particular sectors and revenue collection, in order to make possible the calculation of cost/benefit ratios which indicate the welfare costs of using particular instruments to accomplish particular tasks and in order to solve the implementation problem. -from Authors

Duke Scholars

Author Edward Tower Economics