Theoretical foundations of the methodology for evaluating the economic efficiency of investment projects
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Abstract
Investment evaluation plays a pivotal role in the selection and implementation of projects that contribute
to economic growth and sustainability. Over time, multiple methodologies have been developed to assess investment
efficiency, including the UNIDO, Little-Mirrlees, World Bank, and Cost-Benefit Analysis methods, among others.
This article examines the theoretical foundations of these methodologies, highlighting their principles, applications,
and limitations. Special attention is given to the UNIDO methodology due to its widespread use in developing and
developed economies. The evolving landscape of economic evaluation of investment projects is also discussed,
emphasizing the integration of modern approaches and data accessibility.
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References
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