Public Investment Criteria: Economic Internal Rate of Return and Equalizing Discount Rate

Publication | November 1986

Economic analysis of a project determines whether the project is consistent with the overall national and sectoral objectives and whether the investment proposed represents the best means of achieving the intended objectives.

 Citable URL

This paper discusses the three main steps involved in the conduct of economic analysis of a project. 


  • Foreword
  • Introduction
  • Static One-Period Model
  • Static Multi-Period Model
  • The Least-Cost Solution: A Heuristic Approach
  • The Use of the Least-Cost Solution in Estimating the EIRR
  • Conclusions

Additional Details

  • Economics

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