Estimating the Impact of Rural Investments in Nepal
As a largely rural society, most people in Nepal still depend upon agriculture as their major livelihood strategy. Therefore, it is important to improve the allocation efficiency of limited public expenditures to promote agricultural growth and poverty reduction. However, evaluating the returns of public investment is limited by methodological challenges. We use hedonic and panel data methods to examine the returns to different types of rural public investments including roads, irrigation and extension advice. The use of diverse identification strategies reduces the risk of using a narrower set of results driven primarily by a particular methodology. We find that rural roads and irrigation are one of the most productive public expenditures according to the benefit-cost ratio calculations, though the magnitudes of these ratios depend on methodology.
| Main Authors: | , , |
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| Format: | Journal Article biblioteca |
| Language: | EN |
| Published: |
2011
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| Subjects: | Welfare and Poverty: Government Programs, Provision and Effects of Welfare Programs I380, Economic Development: Agriculture, Natural Resources, Energy, Environment, Other Primary Products O130, Economic Development: Regional, Urban, and Rural Analyses, Transportation O180, Land Ownership and Tenure, Land Reform, Land Use, Irrigation, Agriculture and Environment Q150, Public Facility Location Analysis, Public Investment and Capital Stock R530, |
| Online Access: | http://hdl.handle.net/10986/5652 |
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