Akbar Pourfaraj; Mehrdad Karami; Zahra Nekooee; Zahra Taleb-beydokhty
Volume 9, Issue 25 , July 2012, , Pages 189-214
Abstract
The significant role of investment in the process of societies’economic growth and development is highlighted in most theories oneconomic growth and development. Taking into account the shortageof investment sources and the necessity of optimal allocation of thesesources for promoting economic ...
Read More
The significant role of investment in the process of societies’economic growth and development is highlighted in most theories oneconomic growth and development. Taking into account the shortageof investment sources and the necessity of optimal allocation of thesesources for promoting economic growth, it is necessary to rightlyidentify the relative advantages of a country as regards the allocationof investment sources and also direct investment sources in mostproductive and efficient sectors in order to provide for efficient use oflimited sources to accelerate economic growth. Thus, it is muchnecessary to use the scientific methods of economic engineering andeconomic evaluation of projects to economically and financiallyevaluate investment projects. This descriptive, analytic and appliedstudy evaluates economic indicators of investment in Tarom (locatedin Zanjan Province) as an international recreational-tourist town viadifferent criteria of economic and financial evaluation and the use ofCOMFAR (A computer software for simulating the financial andeconomic situation of investment projects). The results indicated thatconducting the project of Tarom Recreational-Tourist Town has nojustification in terms of indicators of financial and economicevaluation.
