The Economic Returns to Investment in Project-related Training
Using project success rather than earnings data from 115 Bank agriculture and nonagriculture projects as a criterion, this study assesses the efficiency of project-related training (PRT). This training achieves high returns only when the educational base of a country is sufficiently developed. Otherwise, it is not economic. Results suggest expansion of PRT training when a sufficiently high proportion of the population is literate, adaptation of the design and management of PRT to overcome existing skill deficiencies, and investment in basic education in countries with low education levels.