Using cost-benefit analysis in developed and developing countries : is it the same?

• Main Author: Quah, Euston
• Other Authors: School of Social Sciences
• Format: Working Paper
• Language: English
• Published: Monetary Authority of Singapore 2022
• Subjects: Social sciences::Economic development
• Online Access: https://www.mas.gov.sg/publications/economic-essays/2017/using-cost-benefit-analysis-in-developed-and-developing-countries-is-it-the-same; https://hdl.handle.net/10356/152298
• Institution: Nanyang Technological University

Nobel laureate and economist Simon Kuznets put forth the concept of gross domestic product (GDP) in response to a need for good data in public policy planning in the 1930s. Since then, policymakers have increasingly relied upon GDP and other national income indicators. If only one macro indica...