• Medientyp: E-Book
  • Titel: Benefit-cost analysis of the resurgent irrigation system program of the Philippines
  • Beteiligte: Briones, Roehlano M. [Verfasser:in]
  • Erschienen: Quezon City, Philippines: Philippine Institute for Development Studies, December 2018
  • Erschienen in: Philippine Institute for Development Studies: Discussion paper series ; 2018,47
  • Umfang: 1 Online-Ressource (circa 23 Seiten); Illustrationen
  • Sprache: Englisch
  • Identifikator:
  • Schlagwörter: Graue Literatur
  • Entstehung:
  • Anmerkungen:
  • Beschreibung: A comprehensive assessment of irrigation investment should examine not just the benefits, but also make a systematic comparison of benefits with costs. This study has conducted this systematic comparison for investments undertaken in 2008-2016. Across various assessment frames, the findings converge around the following: Costs of irrigation investment are simply too large in comparison with expected benefits. None of the project worth indicators reach threshold levels: rather, the benefit-cost ratio (BCR) tends to fall below unity; internal rate of return (IRR) estimates tend to fall below the hurdle rate of 10 percent; and net present value (NPV) estimates tend to fall below zero. A key limitation of our analysis is that it incorporates benefits only from incremental rice output. Rather than invalidating the government's irrigation planning and investment allocation, our benefit-cost analysis makes a case for: more skeptical treatment of irrigation area targeting; and stricter application of benefit-cost analysis, with emphasis on credible projections of both crop and non-crop benefits.
  • Zugangsstatus: Freier Zugang