Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/3519
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dc.contributor.authorPaul, Samuel
dc.date.accessioned2010-05-31T05:27:46Z
dc.date.available2010-05-31T05:27:46Z
dc.date.copyright1972
dc.date.issued2010-05-31T05:27:46Z
dc.identifier.citationJournal of Political Economy, LXXX, 2, (Mar-Apr 1972), 328-346en
dc.identifier.urihttp://hdl.handle.net/11718/3519
dc.description.abstractThis paper develops a theoretical framework for the application of cost benefit analysis to management education in developing countries. Social returns are estimated through a combination of the import substitution and income creation approaches, both of which are considered in the evaluation of investment. The cost-benefit analysis of a major national project in India within this framework shows that its educational pro gram has a positive net present value even at a social discount rate as high as 13 percent. The net returns appear to be quite sensitive to the values assigned to the foreign exchange rate, discount rate, and price elasticity.
dc.language.isoenen
dc.titleAn application of cost-benefit analysis to management educationen
dc.typeArticleen
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