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book (4)


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2021 (1)

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Book
Electricity Access and Structural Transformation : Evidence from Brazil's Electrification
Authors: --- --- ---
Year: 2020 Publisher: Washington, D.C. : The World Bank,

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Abstract

This study proposes a novel supply-side mechanism driving economic structural transformation: grid electrification. Increasing electricity availability affects the reallocation of inputs to more productive activities through generating higher returns and lowering entry costs in sectors with greater infrastructure intensity. The results of modeling and econometric analysis based on Brazil's historical data over the period 1970-2006 confirm that the manufacturing sector benefits the most in these two dimensions, followed by services and agriculture. The expansion of electricity infrastructure explains about 17 percent of this process and 32 percent of the observed increase in GDP per capita. Simulations of a multisector neoclassical growth model with heterogeneous firms help assessing the effectiveness of different electrification policies.


Book
Mainstreaming Eco-Industrial Parks : Conclusions from the Eco-Industrial Park 2015 Event in Seoul
Authors: ---
Year: 2016 Publisher: Washington, D.C. : The World Bank,

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Special Economic Zones have played an important role in the economic growth of many developing and advanced-developing nations, including Bangladesh, Brazil, India, Republic of Korea, Thailand, Turkey and Vietnam. These zones provide tailored infrastructure and business services, and they have become a successful model for large-scale job creation, transfer of skills and technology, export diversification, and industrial development led by foreign direct investment. In the next era of industrial zone development, sustainability and eco-industrial growth play paramount roles in minimizing environmental and social risks while generating profits for firms. It has become urgent to explore these models and to understand the contexts in which they can tackle the environmental and ecological challenges of our times while retaining their role as production hubs and growth centers. This report, based primarily on a global conference Eco-Industrial Parks (EIP) 2015, held in Seoul, Republic of Korea in October 2015, provides the latest thinking on eco-industrial parks, bringing together experiences from different countries and providing a vision on how these initiatives can be scaled up or mainstreamed. It will provide policy makers with insight conceptualizing EIPs and what different factors need to be considered in putting together an EIP program. The report builds the basis for further development of guidelines and step-by-step approaches on how to develop a national program on EIPs.


Book
Batoka Gorge Hydroelectric Scheme : A Macroeconomic Assessment of Public Investment Options.
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Year: 2019 Publisher: Washington, D.C. : The World Bank,

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Abstract

Maximizing the benefits from public sector investments requires a clear, predictable, and transparent process informed by robust analyses that can facilitate multicriteria considerations of different options and alternatives. However, the tools available to governments to assess the costs and benefits of different investment strategies are often too general or specific to determine the optimal investment strategy. This paper aims to improve the tools available to facilitate the assessment of the macroeconomic implications of large infrastructure projects and enhance the capacity for management of public investment decisions. The macroeconomic assessment of public investment options (MAPIO) model was applied to the Batoka Gorge hydroelectric scheme to provide an analysis of impacts on key macroeconomic variables. The MAPIO model shows the project provides a robust financial and economic investment option with a net positive impact on the national economies in both Zambia and Zimbabwe. The estimates are considered conservative and the returns remain robust when subjecting the model to extreme assumptions to test the sensitivity of the results. However, it is important to acknowledge the model limitations, which does not include noneconomic benefits, costs, or impacts on other sectors. Any investment decision should involve a multicriteria assessment that considers the full range of options and alternatives that may be available to achieving the development objectives.


Book
Behavioral Insights in Infrastructure Sectors : A Survey
Authors: --- --- --- ---
Year: 2021 Publisher: Washington, D.C. : The World Bank,

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In the past two decades, insights from behavioral sciences, particularly behavioral economics, have been widely applied in the design of social programs such as pensions, social security, and taxation. This paper provides a survey of the existing literature in economics on the application of behavioral insights to infrastructure sectors, focusing on water and energy. Various applications of behavioral insights in the literature are examined from the perspectives of the three main actors in the infrastructure sectors: policy makers, service providers, and consumers. Evidence is presented from the literature on how behavioral regularities, such as imperfect optimization, limited self-control, and nonstandard preferences, affect the strategies, decisions, and actions of policy makers, service providers, and consumers, often leading to suboptimal outcomes for service investment, delivery, access, and use. The paper also highlights how behavioral interventions such as anchoring, framing, nonpecuniary incentives, and altering the choice architecture can lead to improvements in performance, adoption, consumption, and other outcomes of interest in the infrastructure sectors.

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