A Practical Guide to Economic Analysis of Youth Projects
Investments in youth are particularly important in light of the unprecedented numbers of young people now entering their reproductive and early adult productive years. Of the more than one billion youth aged 15-24, 86 percent live in developing cou...
| Main Authors: | , |
|---|---|
| Format: | Publications & Research |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/11/6239426/practical-guide-economic-analysis-youth-projects http://hdl.handle.net/10986/13620 |
| Summary: | Investments in youth are particularly
important in light of the unprecedented numbers of young
people now entering their reproductive and early adult
productive years. Of the more than one billion youth aged
15-24, 86 percent live in developing countries. This guide
is for those involved in appraising the economic merits of
youth projects or projects with an important youth
component. It builds on two previous publications in the HNP
Discussion Paper series, Assessing the Economic Returns to
Investing in Youth in Developing Countries (Knowles and
Behrman 2003), and The Economic Returns to Investing in
Youth in Developing Countries: A Review of the Literature
(Knowles and Behrman 2005). The guide is designed to explain
and illustrate basic economic principles relevant to ex ante
project appraisal, and their application to the task of
making choices related to youth projects. It is also
intended to familiarize those who do not specialize in youth
projects, with some of the issues particular to youth
projects, and to provide some basic understanding of the
concepts, relationships and data relevant to undertaking
economic analysis of youth projects. The guide comprises
seven sections. Following a brief introductory Section 1,
Section 2 sketches a framework for economic analysis of
youth projects, and the basic economic motives for policies
and policy options. Section 3 turns to estimating costs,
effectiveness and benefits. Section 4 considers poverty and
gender analysis. Section 5 includes seven illustrative case
studies covering a variety of youth investments in several
different countries. Section 6 presents model terms of
reference for the economic analysis of a hypothetical
continuing education project in Serbia-Montenegro,
corresponding to one of the case studies presented in
Section 5. Section 7 provides a list of references. |
|---|