Files
Abstract
A methodology of project appraisal combining the criteria of economic feasibility,
acceptability, and sustainability is developed and applied to Plan Sierra, a watershed
development project in the Dominican Republic. Feasibility is measured by the change
in sustainable income due to the project; acceptability by the change in average annual
income for the present generation; and sustainability by the difference between
changes in sustainable and average annual incomes. These three criteria may be
achieved by schemes of tax and subsidy between project and non-project households
and between present and future generations.