Evaluation of stakeholder impacts in cost-benefit analysis
In: Impact assessment and project appraisal, Band 17, Heft 2, S. 87-96
ISSN: 1471-5465
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In: Impact assessment and project appraisal, Band 17, Heft 2, S. 87-96
ISSN: 1471-5465
In: Journal of international development: the journal of the Development Studies Association, Band 6, Heft 1, S. 115-122
ISSN: 1099-1328
In: The Canadian Journal of Economics, Band 20, Heft 1, S. 172
In: The Canadian Journal of Economics, Band 18, Heft 3, S. 484
In: Canadian public policy: Analyse de politiques, Band 7, Heft 3, S. 399
ISSN: 1911-9917
In: Canadian public policy: Analyse de politiques, Band 6, Heft 3, S. 549
ISSN: 1911-9917
In: Journal of development economics, Band 7, Heft 4, S. 584-587
ISSN: 0304-3878
In: The Canadian Journal of Economics, Band 12, Heft 3, S. 410
In: Annals of Public and Cooperative Economics, Band 50, Heft 2, S. 3-15
ISSN: 1467-8292
In: Journal of international trade & economic development: an international and comparative review, Band 31, Heft 4, S. 493-510
ISSN: 1469-9559
In: Journal of economic studies, Band 49, Heft 2, S. 364-378
ISSN: 1758-7387
PurposeInternational tourism and FDI inflows have generated detectable beneficial impacts on the economy of Estonia in the last decades. However, recently, poor international market conditions mostly caused by the trade war and COVID-19 pandemic have been a potential threat to these two factors. Besides, the poor performance of investments in recent years is behind the stagnation of productivity in Estonia. This study examines the dynamics of the effects of these factors on the rate of economic growth in Estonia and provides policy implications in line with sustained recovery.Design/methodology/approachA nonlinear ARDL technique is employed in this study to investigate the long-run effects of FDI and the degree of tourism specialization on economic growth rate.FindingsOur findings indicate that the economic growth rate of Estonia in the long run has been positively affected by both the rate of FDI inflows and international tourism.Originality/valueThis is the first study that employs a non-linear approach to investigate the dynamics of long-run effects of FDI and tourism specialization on the rate of economic growth in Estonia and provides policy implications in line with optimal growth strategy considering the economic structure, the current level of productivity and available potentials in this economy.
In: Journal of benefit-cost analysis: JBCA, Band 11, Heft 3, S. 501-523
ISSN: 2152-2812
AbstractNepal has suffered from the worst electricity shortages in South Asia. This study is an attempt to measure the willingness to pay for an improved service using a model of revealed preference. Respondents are asked about the actions they are taking to reduce the impact on their household or business of scheduled and unscheduled outages and more stable voltage. We estimate the averting expenditures that were being incurred to compensate for the lack of reliability of the electricity service. The estimated cost of the averting actions as a percentage of the electricity bills is 53 % for households, 47 % for small businesses, 46 % for medium businesses, and 35 % for large businesses. Based on the estimations, we find that in 2017 the annual benefit from improving the reliability of the electricity service would be approximately US$ 188 million with a present value over 20 years of US$ 1.6 billion.
In: Economic Analysis and Policy, Band 59, S. 138-149
SSRN
Working paper
This paper considers alternative forms of regulation and taxation of the casino sector. The model considers the situation of a typical tourist destination country that is using casinos to attract and entertain foreign tourists. The objective is to invest in the sector efficiently while maximizing the amount of government revenue or profits accruing to the country. The regulator must determine how the price of gambling will be set, how many casinos will be allowed to enter the industry and the form and rates of taxation. Four alternative forms of regulation are considered: price regulation, state-owned monopoly, private monopoly and casino association regulation. Turnover taxes on the amount of funds gambled and also annual taxation of the fixed costs of the casinos are evaluated. Applications of the models are carried out for North Cyprus. The conclusion is that the economic efficiency costs and the revenue losses from the absence of effective regulation in these tourist destinations can be very substantial with welfare costs equal to the approximately 75 percent of the tax revenue generated by this sector. Furthermore it shows that while a tax on turnover can be efficient in the case of a competitive industry or a cartel association form of regulation, it will be distortunary if a private monopoly is controlling the sector. In contrast a tax on fixed costs will lead to an efficient result in the case of a competitive or private monopoly cases, but it will lead to allocate inefficiencies if the sector is regulated by a casino association that can only control the number of casino entering the sector.
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