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Mid-Term Evaluation of NDP/CSF:Macro and Micro Evaluation The Economic and Social Research Institute www.esri.ie Introduction Medium-Term Prospects Micro-economic studies Macro-economic framework Implications Horizontal Principles Supplementary Measures Evaluation Process Macro-Economic Background Potential Growth Rate Infrastructural Deficit Inflation Modelling Housing Market Changing Sectoral Structure Strategy Broadly Correct Microeconomics:Infrastructure International experience Model Impact of roads Model Impact of sanitary services Returns to roads Low in 1980s Very high 2000 Impacts on