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LATEST PUBLICATIONS
PN 2019-01
Pressures on Public School Teachers and Implications on Quality
DRN 2018 Vol. XXXVI No. 4
Higher educ, research orgs must embrace open access
NTRC TRJ-7
Proposed Foreign Tourist Tax
NTRC TRJ-6
Proposed Reforms on the Value-Added Tax
Pressures on Public School Teachers and Implications on Quality
DRN 2018 Vol. XXXVI No. 4
Higher educ, research orgs must embrace open access
NTRC TRJ-7
Proposed Foreign Tourist Tax
NTRC TRJ-6
Proposed Reforms on the Value-Added Tax
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 68 times since December 27, 2018 |