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Benefit–cost analysis as a mechanism for evaluating conservation policies in developing countries

Published online by Cambridge University Press:  30 March 2001

PRIYA SHYAMSUNDAR
PRIYA SHYAMSUNDAR
Affiliation:
The John D. and Catherine T. MacArthur Foundation, Chicago, IL 60603-5285, USA
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Abstract

Can benefit-cost analysis (BCA) be used in the developing world in the same way in which it is used in developed market economies? The paper by Arrow et al. makes a good case for employing BCA to evaluate environmental, health, and safety regulations in the United States. It offers a number of principles to guide the use of benefit-cost analyses, some of which can be applied to developing countries. Conservation policies in the tropics can help illustrate the relevance of BCA for evaluating regulations in less industrialized countries. I use a set of studies on the Mantadia National Park to show in practical terms how and when BCA can serve as an effective evaluative tool.

Type
Policy Forum
Information
Environment and Development Economics , Volume 2 , Issue 2 , May 1997 , pp. 195 - 221
Copyright
© 1997 Cambridge University Press

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