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Social Value of Time for Investment Appraisal in Mozambique

Author

Listed:
  • Glenn P. Jenkins

    (Department of Economics, Queen's University, Kingston, Canada and Eastern Mediterranean University, North Cyprus)

  • Pejman Bahramain

    (Postdoctoral Fellow, JDINT’L Executive Programs,Department of Economics, Queen’s University Kingston, Ontario, Canada, K7L3N6)

  • Mikhail Miklyaev

    (JDINT’L Executive Programs,Department of Economics, Queen’s University Kingston, Ontario, Canada, K7L3N6,and Senior Associate/ Economist Cambridge Resources International Inc.)

  • Saint Seyi Akindere

    (Department of Economics, Eastern Mediterranean University Cyprus)

Abstract

This study aims to estimate social value of time for investment appraisal in Mozambique. In doing so, we estimate the social value of time for three categories of project that result in time savings. These include transportation sector (road), water supply and sanitation projects and social value of time for people using public services. The estimated social value of time savings in this study, reflects the average magnitude of the welfare improvement of passengers travelling by type of vehicles, welfare improvement of women and children hauling for water and sanitation project and welfare improvement of visiting public offices for commercial and non-commercial purposes in Mozambique. This welfare improvement comes about either through increased productivity of the individuals or through the increase in utility an individual would enjoy if waiting time is reduced by an hour in the Mozambique for immediate or future projects.

Suggested Citation

  • Glenn P. Jenkins & Pejman Bahramain & Mikhail Miklyaev & Saint Seyi Akindere, 2019. "Social Value of Time for Investment Appraisal in Mozambique," Development Discussion Papers 2019-05, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:4516
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    References listed on IDEAS

    as
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    2. Abdelhak Senhadji, 2000. "Sources of Economic Growth: An Extensive Growth Accounting Exercise," IMF Staff Papers, Palgrave Macmillan, vol. 47(1), pages 1-6.
    3. Kifle Wondemu, 2016. "The Economic Value of Time: Evidence from Africa," South African Journal of Economics, Economic Society of South Africa, vol. 84(2), pages 230-244, June.
    4. Wardman, Mark & Batley, Richard & Laird, James & Mackie, Peter & Bates, John, 2015. "How should business travel time savings be valued?," Economics of Transportation, Elsevier, vol. 4(4), pages 200-214.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Mozambique; SVT; Time; Social Value of Time; Time saved; Households’;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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