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Estimation Of The National Parameters For Economic Cost-Benfit Analysis For The Philippines

Author

Listed:
  • Glenn Jenkins

    (Queen's University, Kingston, On, Canada)

  • Chun-Yan Kuo

Abstract

In this paper, an analytical framework is developed to measure the economic opportunity cost of capital and foreign exchange. An application of the framework is carried out for the Philippines. The results indicate that the economic cost of capital is approximately10% real for the Philippines. The economic cost of foreign exchange is about 15% greater than the market exchange rate. These rational parameters are the essential determinant for practical application to the economic appraisal of investments in the Philippines.

Suggested Citation

  • Glenn Jenkins & Chun-Yan Kuo, 1998. "Estimation Of The National Parameters For Economic Cost-Benfit Analysis For The Philippines," Development Discussion Papers 1998-04, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:130
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    File URL: https://cri-world.com/publications/qed_dp_130.pdf
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    Citations

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    Cited by:

    1. Glenn Jenkins & Chun-Yan Kuo & Arnold C. Harberger, 2011. "Cost-Benefit Analysis for Investment Decisions: Chapter 9 (The Shadow Price of Foreign Exchange and Non-Tradable Outlays)," Development Discussion Papers 2011-09, JDI Executive Programs.
    2. Arnold C Harberger & Glenn P Jenkins & Chun‐Yan Kuo & M Benjamin Mphahlele, 2003. "The Economic Cost of Foreign Exchange for South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 71(2), pages 155-169, June.
    3. Abdallah Othman & Glenn P. Jenkins & Mikhail Miklyaev, 2022. "Estimation of Economic Opportunity Cost of Capital: An Operational Guide for Mozambique," Development Discussion Papers 2022-04, JDI Executive Programs.
    4. Glenn P. Jenkins & D.N.S. Dhakal, 2003. "Integrated Investment Appraisal of a Cogeneration Electricity Project Agreement with Global Environment Externalities," Development Discussion Papers 2003-01, JDI Executive Programs.

    More about this item

    Keywords

    Philippines; capital; foreign exchange costs; appraisal of investments;
    All these keywords.

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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