Issues in the appraisal of energy projects for oil-importing developing countries. World Bank Staff Working Papers.
This paper develops a theoretical framework to evaluate the benefits ans costs of energy projects in oil-importing developing countries (OIDCs). The framework is used to address various questions: How should the problems of enery dependency and vulnerability be reflected in a project appraisal? Are there externalities not captured in the market price of the resource? Should royalty values be included in cost-benefit calculations? Why do the real prices of exhaustible resources rise over time? Should several energy development projects be done simultaneously? What are the true costs of stockpiling oil? Is there a need for an international institution to act as coordinator directing a strategy for information gathering and project diversification across countries?. INTRODUCTION. COST-BENEFIT ANALYSIS. HOTELLING'S RULE AND THE PRICE PATH OF OIL. COORDINATING STRATEGIES. THE COSTS OF IMPORTING OIL. CONCLUSIONS. REFERENCES.
Ministerio de Ambiente y Energía. Secretaría de Planificación del Sub-Sector Energía - Centro de Información de Energía y Ambiente, CIENA
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