Private Foreign Investment in Developing Countries: A Quantitative Study on the Evaluation of the Macro-Economic Effects

I Evaluation of Private Foreign Investment-A Critical Survey of Current Approaches.- I. General Introduction.- II. Problems in and Criteria for Evaluating the Impact of PFI.- III. The Contribution to GNP.- IV. The Balance of Payments Effect of PFI.- V. Issues Concerning Other Effects of PFI.- VI. The UNCTAD Study on PFI.- II A Macro-Economic Methodology for the Appraisal of the Effects of Private Foreign Investments in Less Developed Countries.- Summary of Part II.- I. General Introduction.- II. A Model of a LDC's Economy with Special Reference to PFI.- III. The Economic Effects of PFI.- IV. Other Economic Effects of PFI not Considered by the Model.- V. The Interdependence - Simultaneous and Over Time - of the Effects of PFI.- VI. The 'Cumulative' Effects of PFI.- VII. The 'Marginal' Effects of PFI.- VIII. Cumulative and Marginal Effects Compared.- IX. Sectoral Disaggregation and Input-Output Analysis.- X. Various Practical Situations and the Use of the Model.- XI. The Use of the Model for Decision Making.- XII. The Use of the Model for Empirical Investigations.- XIII. Evaluation and Conclusions.- List of References.- III Empirical Application of the Macro-Economic Methodology.- I. General Introduction.- II. The Choice of Countries.- III. The Main Modifications Introduced.- IV. Estimation of the Parameters and Solving Procedure.- V. India.- VI. The Philippines.- VII. Ghana.- VIII. Guatemala.- IX. Argentina.- X. A General Comparison of the Empirical Outcomes.- XI Alternative Assumptions About Import Substitutions.- XII. General Conclusions on the Empirical Application on the Methodology.- IV The Appraisal of Private Foreign Investment Projects - A Social Cost-Benefit Approach.- I. Introduction.- II. Principles of Social Cost-Benefit Analysis.- III. Basic Characteristics of Private Foreign Investment Projects as Distinct from Domestic Investment Projects.- IV. The Impact of the Special Characteristics of Private Foreign Investment on the Methodology of Social Cost-Benefit Analysis.- V. Outline of a Social Benefit-Cost Scheme for Appraising Private Foreign Investment Proposals.- VI. Some Refinements and Complications.- VII. Social Cost-Benefit Analysis as a Tool in Negotiating With Foreign Firms.- Author Index.