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dc.titleAssessing the Regional Economic Benefits of Public Investments: A Replicable Methodology and Case Study Application to the Dominican Republic
dc.contributor.authorAnton, Pablo
dc.contributor.authorAlemany, Nassim
dc.contributor.authorSchloeter, Luis
dc.contributor.orgunitHousing and Urban Development Division
dc.coverageDominican Republic
dc.date.available2024-03-09T16:24:02
dc.date.issue2024-03-08T00:03:00
dc.description.abstractThis paper presents a comprehensive methodological framework designed to assess the regional economic benefits of public investments. Recognizing the challenges of limited resources and data, especially at the regional level, the study aims to enhance operational efficiency in the early phases of investment projects. The framework supports more informed decision-making by facilitating a rapid assessment of potential benefits, using a data-driven approach that leverages input-output analysis to refine understanding of local economic linkages. Adaptable to various regions with readily available economic statistics, the tool requires minimal input. In collaboration with the Ministry of Economics, Planning, and Development and the Ministry of Tourism the framework was applied to the Ozama region in the Dominican Republic, yielding a pilot assessment tool. The model elucidates supply chain connections across fifteen economic sectors. A case study of the IDB's investment in Santo Domingo's Colonial City demonstrates the tool's utility, revealing significant localized GVA and employment impacts. This study highlights the framework's potential to aid early-stage decision-making and cost-benefit analyses. While the current version focuses on short-term impacts, future enhancements aim to address long-term effects and additionality, further broadening the tool's applicability.
dc.format.extent60
dc.identifier.doihttp://dx.doi.org/10.18235/0005689
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Assessing-the-Regional-Economic-Benefits-of-Public-Investments-A-Replicable-Methodology-and-Case-Study-Application-to-the-Dominican-Republic.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectEconomy
dc.subjectPublic Investment
dc.subjectRegional Economy
dc.subjectInvestment
dc.subjectSmall Business
dc.subjectLabor
dc.subjectSupply Chain
dc.subjectEconomic Impact
dc.subjectImpact Evaluation
dc.subject.jelcodeR15 - Econometric and Input—Output Models • Other Models
dc.subject.jelcodeR11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
dc.subject.jelcodeR12 - Size and Spatial Distributions of Regional Economic Activity
dc.subject.keywordsUrban and Regional Economics;Economic Impact Evaluation;Regional Input-Output Model
idb.identifier.pubnumberIDB-TN-02902
idb.operationDR-E0002
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