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NOTES

1. Other project appraisal methods include Little & Mirrlees (1974), Bruno (1975), Harberger (1977), Sjaastad & Wisecarver (1977), Helmers (1979), Squire and van der Tak (1975), Hansen/UNIDO (1986) and UNIDO/IDCAS (1986). For a critical review, see Little & Mirrlees (1990).

2. This rate is in use by KSC in its Annual Status Report.

3. For distribution of bargaining power between the foreign owners of capital and the government of Sudan, see Wohlmuth (1983).

4. For non-economic assessment of Kenana's social costs (slums, drugs, ecological devastation,...), see, for example, Hassaballa (April 1987 and Nov. 1987).

5. In a recent report by KSC (Summary of Training Department Activities for Crop Year 1989/90), it is stated that in 1989/90 alone 60 semi-skilled employees had on-job training in boilers operations, hand tools, sugar boiling, evaporation, switchgear, etc., and 20 employees attended training courses abroad.

6.

where fi = the fraction of foreign exchange allocated to imports of the ith of n commodities at the margin, Xi = the domestic currency amount by which each of h exports falls in response to earnings of foreign exchange, Pip = the domestic market clearing prices of imports and exports that is inclusive of trade taxes and subsidies and Picif and Pifob are border prices of imports and exports respectively.

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