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Cost-Benefit Analysis of Liberia’s Rice and Goat Value Chains

Author

Listed:
  • Mikhail Miklyaev

    (JDINT’L Executive Programs Department of Economics, Queen’s University, Canada and Cambridge Resources International Inc.)

  • Majid Hashemi

    (Cambridge Resources International Inc.)

  • Melani Schultz

    (International Development Group)

Abstract

This paper presents the findings of the CBA of Liberia’s work with rice and goat value chains (VCs), specifically evaluating the recent Feed the Future (FtF) activities implemented under the Food and Enterprise Development program (FED). The Integrated Investment Appraisal (IIA) methodology is used to evaluate both the financial and the socio-economic effectiveness of FED interventions and assess their impacts from various perspectives. In conclusion, the ENPV of FED project once the USAID cost is included is a negative US$10.19 million, indicating that the benefits of the interventions do not outweigh the costs. The ERR is only 7.6 percent, which is 4.4 percent lower than the threshold of 12 percent set by USAID. The recent Ebola outbreak and other factors including the high logistical costs in Liberia contributed to the negative returns of FED interventions.

Suggested Citation

  • Mikhail Miklyaev & Majid Hashemi & Melani Schultz, 2017. "Cost-Benefit Analysis of Liberia’s Rice and Goat Value Chains," Development Discussion Papers 2017-01, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:298
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    More about this item

    Keywords

    cost-benefit analysis; investment appraisal; stakeholder analysis; rice and goat value chain; Liberia;
    All these keywords.

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods

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