LATEST PUBLICATIONS
DRN 2019 Vol. 37 No. 2
Improve performance of boys in PH educ - PIDS study
MinDA 2018-07-001
3rd Mindanao Policy Research Forum: Federalism as a Policy Option for a Decentralized Inclusive Development: A Critical Inquiry
DP 2019-05
Examining the Women's Low Labor Market Participation Rate in the Philippines: Is Housework the Missing Link?
PN 2019-06
Mobilizing Local Governments To Prevent Child Stunting
Publication Detail
DP 2018-47: Benefit-Cost Analysis of the Resurgent Irrigation System Program of the Philippines

This study conducts a 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.

Philippine Institute for Development Studies
Authors Keywords
Briones, Roehlano M.; irrigation; benefit-cost analysis; discount rate; market projection ;
Download PDF Number of Downloads
Published in 2018 and available in the or can be downloaded as full text Downloaded 259 times since December 27, 2018