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Analyse Couts-Avantages Pour Les Decisions D’Investissement Chapitre 9; Le Prix Ombre Des Bourses D'échange Et De Marchandises Non Commercialisables

Author

Listed:
  • Glenn P. Jenkins

    (Queen’s University, Kingston, Canada and Eastern Mediterranean University, North Cyprus)

  • Chun-Yan kuo

    (Queen’s University, Kingston, Canada)

  • Arnold C. Harberger

    (University of California, Los Angeles, USA)

Abstract

Le coût économique du capital, tel qu'il est mesuré au chapitre 8, traite des comparaisons intertemporelles. Il relie les flux annuels d'avantages et de coûts sur la durée de vie d'un projet à son investissement en capital initial. Dans le présent chapitre, nous traitons d’une autre facette de la levée de fonds de projets sur le marché des capitaux du pays. Cette facette concerne les distorsions qui sont affectées non pas de manière intertemporelle mais au même moment où les fonds sont levés.Les dépenses d’investissement et de le marché est déplacé par l'acte même de mobiliser les fonds du projet sur le marché des capitaux.En conséquence, le gouvernement perd des recettes douanières plus la valeur ajoutée et d'autres impôts indirects.Ces pertes sont le plus souvent prises en compte dans l'évaluation économique de tout projet. liés à la dépense des fonds du projet en biens et services échangeables ou non, ainsi qu’aux distorsions intertemporelles induites par le coût d’opportunité économique du capital.L’existence de ces impôts indirects sur les transactions intérieures et commerciales, la valeur économique des échanges étrangers diffère du taux de change du marché et il existera une externalité fiscale associée aux dépenses en produits non échangeables. es. Ce chapitre a fourni un cadre analytique et une approche pratique de la mesure du coût économique des devises et du prix fictif des dépenses non échangeables.

Suggested Citation

  • Glenn P. Jenkins & Chun-Yan kuo & Arnold C. Harberger, 2020. "Analyse Couts-Avantages Pour Les Decisions D’Investissement Chapitre 9; Le Prix Ombre Des Bourses D'échange Et De Marchandises Non Commercialisables," Development Discussion Papers 2020-09, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:4541
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    References listed on IDEAS

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    2. repec:bla:ecorec:v:67:y:1991:i:199:p:307-16 is not listed on IDEAS
    3. Edmar Bacha & Lance Taylor, 1971. "Foreign Exchange Shadow Prices: A Critical Review of Current Theories," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(2), pages 197-224.
    4. Arnold C Harberger & Glenn P Jenkins & Chun‐Yan Kuo & M Benjamin Mphahlele, 2003. "The Economic Cost of Foreign Exchange for South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 71(2), pages 155-169, June.
    5. Blitzer, Charles & Dasgupta, Partha & Stiglitz, Joseph, 1981. "Project Appraisal and Foreign Exchange Constraints," Economic Journal, Royal Economic Society, vol. 91(361), pages 58-74, March.
    6. George Fane, 1991. "The Social Opportunity Cost of Foreign Exchange: A Partial Defence of Harberger et al," The Economic Record, The Economic Society of Australia, vol. 67(4), pages 307-316, December.
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    More about this item

    Keywords

    étranger change; coût économique des dépenses non échangeables;

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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