Batoka Gorge Hydroelectric Scheme
Maximizing the benefits from public sector investments requires a clear, predictable, and transparent process informed by robust analyses that can facilitate multicriteria considerations of different options and alternatives. However, the tools available to governments to assess the costs and benefits of different investment strategies are often too general or specific to determine the optimal investment strategy. This paper aims to improve the tools available to facilitate the assessment of the macroeconomic implications of large infrastructure projects and enhance the capacity for management of public investment decisions. The macroeconomic assessment of public investment options (MAPIO) model was applied to the Batoka Gorge hydroelectric scheme to provide an analysis of impacts on key macroeconomic variables. The MAPIO model shows the project provides a robust financial and economic investment option with a net positive impact on the national economies in both Zambia and Zimbabwe. The estimates are considered conservative and the returns remain robust when subjecting the model to extreme assumptions to test the sensitivity of the results. However, it is important to acknowledge the model limitations, which does not include noneconomic benefits, costs, or impacts on other sectors. Any investment decision should involve a multicriteria assessment that considers the full range of options and alternatives that may be available to achieving the development objectives.
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Format: | Technical Paper biblioteca |
Language: | English |
Published: |
World Bank, Washington, DC
2019-01
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Subjects: | HYDROPOWER, TRANSBOUNDARY COOPERATION, RIVER BASIN MANAGEMENT, ELECTRICITY, MACROECONOMIC ASSESSMENT, PUBLIC INVESTMENT, MAPIO, INTERNAL RATE OF RETURN, GENERATION CAPACITY, CAPITAL, LABOR MARKET, SUPPLY RESPONSE, ELASTICITY, ALLOCATIVE EFFICIENCY, MODEL, |
Online Access: | http://documents.worldbank.org/curated/en/590121549348324473/Batoka-Gorge-Hydroelectric-Scheme-A-Macroeconomic-Assessment-of-Public-Investment-Options https://hdl.handle.net/10986/31302 |
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dig-okr-10986313022024-08-07T19:13:19Z Batoka Gorge Hydroelectric Scheme A Macroeconomic Assessment of Public Investment Options World Bank HYDROPOWER TRANSBOUNDARY COOPERATION RIVER BASIN MANAGEMENT ELECTRICITY MACROECONOMIC ASSESSMENT PUBLIC INVESTMENT MAPIO INTERNAL RATE OF RETURN GENERATION CAPACITY CAPITAL LABOR MARKET SUPPLY RESPONSE ELASTICITY ALLOCATIVE EFFICIENCY MODEL Maximizing the benefits from public sector investments requires a clear, predictable, and transparent process informed by robust analyses that can facilitate multicriteria considerations of different options and alternatives. However, the tools available to governments to assess the costs and benefits of different investment strategies are often too general or specific to determine the optimal investment strategy. This paper aims to improve the tools available to facilitate the assessment of the macroeconomic implications of large infrastructure projects and enhance the capacity for management of public investment decisions. The macroeconomic assessment of public investment options (MAPIO) model was applied to the Batoka Gorge hydroelectric scheme to provide an analysis of impacts on key macroeconomic variables. The MAPIO model shows the project provides a robust financial and economic investment option with a net positive impact on the national economies in both Zambia and Zimbabwe. The estimates are considered conservative and the returns remain robust when subjecting the model to extreme assumptions to test the sensitivity of the results. However, it is important to acknowledge the model limitations, which does not include noneconomic benefits, costs, or impacts on other sectors. Any investment decision should involve a multicriteria assessment that considers the full range of options and alternatives that may be available to achieving the development objectives. 2019-02-15T21:29:16Z 2019-02-15T21:29:16Z 2019-01 Technical Paper Document technique Documento técnico http://documents.worldbank.org/curated/en/590121549348324473/Batoka-Gorge-Hydroelectric-Scheme-A-Macroeconomic-Assessment-of-Public-Investment-Options https://hdl.handle.net/10986/31302 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain World Bank, Washington, DC |
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Estados Unidos |
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US |
component |
Bibliográfico |
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biblioteca |
region |
America del Norte |
libraryname |
Biblioteca del Banco Mundial |
language |
English |
topic |
HYDROPOWER TRANSBOUNDARY COOPERATION RIVER BASIN MANAGEMENT ELECTRICITY MACROECONOMIC ASSESSMENT PUBLIC INVESTMENT MAPIO INTERNAL RATE OF RETURN GENERATION CAPACITY CAPITAL LABOR MARKET SUPPLY RESPONSE ELASTICITY ALLOCATIVE EFFICIENCY MODEL HYDROPOWER TRANSBOUNDARY COOPERATION RIVER BASIN MANAGEMENT ELECTRICITY MACROECONOMIC ASSESSMENT PUBLIC INVESTMENT MAPIO INTERNAL RATE OF RETURN GENERATION CAPACITY CAPITAL LABOR MARKET SUPPLY RESPONSE ELASTICITY ALLOCATIVE EFFICIENCY MODEL |
spellingShingle |
HYDROPOWER TRANSBOUNDARY COOPERATION RIVER BASIN MANAGEMENT ELECTRICITY MACROECONOMIC ASSESSMENT PUBLIC INVESTMENT MAPIO INTERNAL RATE OF RETURN GENERATION CAPACITY CAPITAL LABOR MARKET SUPPLY RESPONSE ELASTICITY ALLOCATIVE EFFICIENCY MODEL HYDROPOWER TRANSBOUNDARY COOPERATION RIVER BASIN MANAGEMENT ELECTRICITY MACROECONOMIC ASSESSMENT PUBLIC INVESTMENT MAPIO INTERNAL RATE OF RETURN GENERATION CAPACITY CAPITAL LABOR MARKET SUPPLY RESPONSE ELASTICITY ALLOCATIVE EFFICIENCY MODEL World Bank Batoka Gorge Hydroelectric Scheme |
description |
Maximizing the benefits from public
sector investments requires a clear, predictable, and
transparent process informed by robust analyses that can
facilitate multicriteria considerations of different options
and alternatives. However, the tools available to
governments to assess the costs and benefits of different
investment strategies are often too general or specific to
determine the optimal investment strategy. This paper aims
to improve the tools available to facilitate the assessment
of the macroeconomic implications of large infrastructure
projects and enhance the capacity for management of public
investment decisions. The macroeconomic assessment of public
investment options (MAPIO) model was applied to the Batoka
Gorge hydroelectric scheme to provide an analysis of impacts
on key macroeconomic variables. The MAPIO model shows the
project provides a robust financial and economic investment
option with a net positive impact on the national economies
in both Zambia and Zimbabwe. The estimates are considered
conservative and the returns remain robust when subjecting
the model to extreme assumptions to test the sensitivity of
the results. However, it is important to acknowledge the
model limitations, which does not include noneconomic
benefits, costs, or impacts on other sectors. Any investment
decision should involve a multicriteria assessment that
considers the full range of options and alternatives that
may be available to achieving the development objectives. |
format |
Technical Paper |
topic_facet |
HYDROPOWER TRANSBOUNDARY COOPERATION RIVER BASIN MANAGEMENT ELECTRICITY MACROECONOMIC ASSESSMENT PUBLIC INVESTMENT MAPIO INTERNAL RATE OF RETURN GENERATION CAPACITY CAPITAL LABOR MARKET SUPPLY RESPONSE ELASTICITY ALLOCATIVE EFFICIENCY MODEL |
author |
World Bank |
author_facet |
World Bank |
author_sort |
World Bank |
title |
Batoka Gorge Hydroelectric Scheme |
title_short |
Batoka Gorge Hydroelectric Scheme |
title_full |
Batoka Gorge Hydroelectric Scheme |
title_fullStr |
Batoka Gorge Hydroelectric Scheme |
title_full_unstemmed |
Batoka Gorge Hydroelectric Scheme |
title_sort |
batoka gorge hydroelectric scheme |
publisher |
World Bank, Washington, DC |
publishDate |
2019-01 |
url |
http://documents.worldbank.org/curated/en/590121549348324473/Batoka-Gorge-Hydroelectric-Scheme-A-Macroeconomic-Assessment-of-Public-Investment-Options https://hdl.handle.net/10986/31302 |
work_keys_str_mv |
AT worldbank batokagorgehydroelectricscheme AT worldbank amacroeconomicassessmentofpublicinvestmentoptions |
_version_ |
1807159761840373760 |