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Cost Benefit Analysis of Senegal’s Rice 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 Senegal’s rice value chains (looking at rain-fed and irrigated rice specifically). The analysis looks at evaluating the recent Feed the Future (FtF) activities implemented under the PCE (Projet de Croissance Economique) in Senegal. Overall, the analysis points to two important conclusions: 1. The GoS, other donor partners, and the PCE project significantly improved the productivity of the irrigated rice VC over the last five years. From an economic point of view, the benefits of domestic rice production currently outweigh the costs, even with GoS subsidies and donor support. 2. The ERR is only one percent above the discount rate of 12%, emphasizing the importance of a well-defined exit strategy for both the GoS and international donors. The removal of subsidies or the inability of the budget to sustain such significant fiscal outflows may result in adverse effects throughout the VC.

Suggested Citation

  • Mikhail Miklyaev & Majid Hashemi & Melani Schultz, 2017. "Cost Benefit Analysis of Senegal’s Rice Value Chains," Development Discussion Papers 2017-04, JDI Executive Programs.
  • Handle: RePEc:qed:dpaper:301
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    References listed on IDEAS

    as
    1. Chun-Yan Kuo & Sener Salci & Glenn P. Jenkins, 2015. "Measuring the Foreign Exchange Premium and the Premium for Non-Tradable Outlays for 20 Countries in Africa," South African Journal of Economics, Economic Society of South Africa, vol. 83(2), pages 269-285, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    : cost-benefit analysis; investment appraisal; stakeholder analysis; dairy value chain; marketing; Senegal.;
    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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