Measuring Economy Wide Effects of Big Transport Projects : The Case of Georgia
Georgia is upgrading its principal highway, running for more than 350 kilometers between the Black Sea on its western border and Azerbaijan in the east, at a cost of about 2.3 billion US dollars, or nearly 14 percent of its 2014 Gross domestic prod...
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| Format: | Brief |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/08/26682107/measuring-economy-wide-effects-big-transport-projects-case-georgia http://hdl.handle.net/10986/24959 |
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okr-10986-249592021-05-25T10:54:41Z Measuring Economy Wide Effects of Big Transport Projects : The Case of Georgia Monsalve, Carolina transportation infrastructure highways Georgia is upgrading its principal highway, running for more than 350 kilometers between the Black Sea on its western border and Azerbaijan in the east, at a cost of about 2.3 billion US dollars, or nearly 14 percent of its 2014 Gross domestic product (GDP). Apart from the immediate effects of the construction (financed largely by international institutions), how much will this relatively large investment improve economic conditions in Georgia? Will it significantly reduce travel costs, and if so, how much of the gain will flow through to the whole economy? Answers to those types of questions are rarely quantified for infrastructure projects in developing countries, either because the projects are too small or the necessary country-specific model is lacking. The Georgia project offered a unique combination of circumstances that made the estimations feasible: (1) a large investment relative to the size of the economy; (2) an already existing model and dataset depicting how the sectors of Georgia’s economy interact; and (3) partial completion of the road upgrade that allowed a simulation of expected gains to be informed by actual interim outcomes. 2016-08-26T15:17:55Z 2016-08-26T15:17:55Z 2016-05 Brief http://documents.worldbank.org/curated/en/2016/08/26682107/measuring-economy-wide-effects-big-transport-projects-case-georgia http://hdl.handle.net/10986/24959 English en_US Connections; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief Europe and Central Asia Georgia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
transportation infrastructure highways |
| spellingShingle |
transportation infrastructure highways Monsalve, Carolina Measuring Economy Wide Effects of Big Transport Projects : The Case of Georgia |
| geographic_facet |
Europe and Central Asia Georgia |
| relation |
Connections; |
| description |
Georgia is upgrading its principal
highway, running for more than 350 kilometers between the
Black Sea on its western border and Azerbaijan in the east,
at a cost of about 2.3 billion US dollars, or nearly 14
percent of its 2014 Gross domestic product (GDP). Apart from
the immediate effects of the construction (financed largely
by international institutions), how much will this
relatively large investment improve economic conditions in
Georgia? Will it significantly reduce travel costs, and if
so, how much of the gain will flow through to the whole
economy? Answers to those types of questions are rarely
quantified for infrastructure projects in developing
countries, either because the projects are too small or the
necessary country-specific model is lacking. The Georgia
project offered a unique combination of circumstances that
made the estimations feasible: (1) a large investment
relative to the size of the economy; (2) an already existing
model and dataset depicting how the sectors of Georgia’s
economy interact; and (3) partial completion of the road
upgrade that allowed a simulation of expected gains to be
informed by actual interim outcomes. |
| format |
Brief |
| author |
Monsalve, Carolina |
| author_facet |
Monsalve, Carolina |
| author_sort |
Monsalve, Carolina |
| title |
Measuring Economy Wide Effects of Big Transport Projects : The Case of Georgia |
| title_short |
Measuring Economy Wide Effects of Big Transport Projects : The Case of Georgia |
| title_full |
Measuring Economy Wide Effects of Big Transport Projects : The Case of Georgia |
| title_fullStr |
Measuring Economy Wide Effects of Big Transport Projects : The Case of Georgia |
| title_full_unstemmed |
Measuring Economy Wide Effects of Big Transport Projects : The Case of Georgia |
| title_sort |
measuring economy wide effects of big transport projects : the case of georgia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/08/26682107/measuring-economy-wide-effects-big-transport-projects-case-georgia http://hdl.handle.net/10986/24959 |
| _version_ |
1764458083537387520 |