nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2016‒01‒29
nine papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Business Models to Realize the Potential of Renewable Energy and Energy Efficiency in the Greater Mekong Subregion By Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB)
  2. Rio de Janeiro Além de 2016: um projeto para a nova geração de infraestrutura em transportes By Rosane S. Lourenço
  3. Local Currency Bonds and Infrastructure Finance in ASEAN+3 By Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB)
  4. 2014 Clean Energy Investments: Project Summaries By Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB)
  5. Aid for Trade in Asia and the Pacific: Thinking Forward About Trade Costs and the Digital Economy By Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB)
  6. Trade, finance and endogenous firm heterogeneity By Alessandra Bonfiglioli; Rosario Crinò; Gino Gancia
  7. Backstage – the play within a play: Utilising a dramaturgical metaphor to consider the rapid development of team culture in short-term stage crews By Sealy-O’Donnell, Sue
  8. Leading R&D Investors for the Dynamics of Innovation Ecosystems By Mafini Dosso; Fernando Hervas; Antonio Vezzani
  9. Too Burdensome to Bid: Transaction Costs and Pay-for-Performance Conservation By Palm-Forster, Leah H.; Swinton, Scott M.; Lupi, Frank; Shupp, Robert S.

  1. By: Asian Development Bank (ADB); Asian Development Bank (ADB) (Southeast Asia Department, ADB); Asian Development Bank (ADB) (Southeast Asia Department, ADB); Asian Development Bank (ADB)
    Abstract: This report was produced under the technical assistance project Promoting Renewable Energy, Clean Fuels, and Energy Efficiency in the Greater Mekong Subregion (TA 7679). It provides outlines of business models relevant to pursuing the renewable energy and energy efficiency targets adopted by the five Greater Mekong Subregion countries: Cambodia, the Lao People’s Democratic Republic, Myanmar, Thailand, and Viet Nam. Business models for investments in renewable energy and energy efficiency provide policy makers and investors with alternative business methods for the deployment of new technologies, or for the application of well-established technologies and practices in new settings.
    Keywords: energy efficiency, business models, renewable energy, gms, asian development bank, cambodia, lao pdr, myanmar, thailand, viet nam, lahmeyer internationa gmbh, cambodia ministry of mines and energy, lao pdr ministry of energy and mines, myanmar ministry of energy, thailand department of alternative energy development and efficiency, electricity regulatory authority of viet nam, climate change, public-private partnership, ownership business models, multiparty ownership, lease or hire purchase model, dealer credit business model, user cooperative business model, energy performance contracting, decentralized systems, centralized grid-scale systems, build-own-operate-transfer, energy service company, community biogas
    Date: 2015–07
  2. By: Rosane S. Lourenço
    Abstract: A progressiva visibilidade internacional proporcionada pelos megaeventos esportivos sediados pelo Rio de Janeiro tem exposto os gestores públicos aos extremos da arte de administrar. Se, por um lado, o fato oferece os meios determinantes para o crescimento econômico e o alcance da desejada produtividade, por outro, representa um desafio na superação de antigas disfunções, como a vagarosa mobilidade e a desagradável poluição. A forma pela qual os gestores escolheram responder à questão tem sido decisiva e merece ser estudada nas nuances que modelam o desenvolvimento futuro. As inovações proporcionadas pela infraestrutura de transporte e pelo arranjo institucional correspondente prenunciam transformar o perfil da região e favorecer o ritmo saudável de vida da população. A conjugação de crescente urbanização com desenvolvimento sustentável é crível, desde que a atenção seja focada nas interdependências, com a ocupação do solo, a geração de energia limpa e o uso de tecnologia da informação e comunicação. The progressive international visibility provided by mega sports events hosted by Rio de Janeiro has exposed public managers to extremes of the art of managing. If on the one hand, the fact provides the means for determining the economic growth and the achievement of the desired productivity, on the other, represents a challenge in overcoming old dysfunctions as the slow mobility and unpleasant pollution. The way in which the managers chose to answer the question has been decisive and deserves to be studied in nuances that shape the future development. The innovations offered by the transportation infrastructure and the corresponding institutional arrangement foreshadow transform the profile of the region and encourage the healthy pace of life of the population. The combination of increasing urbanization with sustainable development is credible, since attention is focused on the interdependencies with the occupation of the soil, the generation of clean energy and the use of information and communication technology.
    Date: 2015–12
  3. By: Asian Development Bank (ADB); Asian Development Bank (ADB) (Sustainable Development and Climate Change Department, ADB); Asian Development Bank (ADB) (Sustainable Development and Climate Change Department, ADB); Asian Development Bank (ADB)
    Abstract: The Asian Development Bank (ADB) is working closely with the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China (PRC), Japan, and the Republic of Korea—collectively known as ASEAN+3—to develop local currency bond markets and facilitate regional bond market integration under the Asian Bond Markets Initiative (ABMI). ABMI was launched in 2002 to strengthen the resilience of the region’s financial system by developing local currency bond markets as an alternative source to foreign currency-denominated, short-term bank loans for long-term investment financing. The need for infrastructure investment among ASEAN+3 members is well documented, with estimates for needed investment through 2020 reaching as high as US$550 billion. Local currency financing of infrastructure projects has the important advantage of avoiding the currency risk that can arise when a project generating revenues in the domestic currency has foreign currency-denominated debt service requirements. This study was undertaken under ABMI and funded by the Government of the PRC. It addresses two key questions: (i) Why is local currency bond financing not more widely used for infrastructure projects in ASEAN+3? and (ii) What can be done to promote infrastructure bond financing?
    Keywords: regional cooperation, regional integration, ASEAN+3, local currency bonds, infrastructure
    Date: 2015–07
  4. By: Asian Development Bank (ADB); Asian Development Bank (ADB) (Sustainable Development and Climate Change Department, ADB); Asian Development Bank (ADB) (Sustainable Development and Climate Change Department, ADB); Asian Development Bank (ADB)
    Abstract: This report summarizes the investments in clean energy made by the operations departments of the Asian Development Bank (ADB) in 2014, condensing information from project databases and formal reports in an easy-to-reference format. This report was prepared by ADB’s Clean Energy Program which provides the cohesive agenda that encompasses and guides ADB’s lending and nonlending assistance, initiatives, and plan of action for sustainable growth in Asia and the Pacific.
    Keywords: energy, clean energy, renewable energy, energy efficiency, solar, wind, clean energy program, investments, loans, grants, technical assistance, 2014
    Date: 2015–06
  5. By: Asian Development Bank (ADB); Asian Development Bank (ADB) (Economic Research and Regional Cooperation Department, ADB); Asian Development Bank (ADB) (Economic Research and Regional Cooperation Department, ADB); Asian Development Bank (ADB)
    Abstract: This report highlights some emerging trends in Aid for Trade (AfT) and trade performance, and explores them in the context of the theme of the 5th Global Review of AfT: “Reducing Trade Costs for Inclusive, Sustainable Growth.” Divided into four chapters, the introduction sets the stage by describing general trends in trade costs, AfT, and inclusiveness; Chapter 2 introduces the idea and opportunities of e-commerce for the region; Chapter 3 analyzes trends in trade costs in Central, East, South, and Southeast Asia; and Chapter 4 offers an in-depth case study of AfT and trade costs in the Pacific. ADB is a member and serves as the secretariat to the Regional Technical Group on Aid for Trade for Asia and the Pacific. It started as a pilot project to provide an informal regional forum for discussing AfT issues and proposals, sharing good practices, taking stock of available analytical work on AfT in the region, and building partnerships among actors and stakeholders. It seeks to formulate an integrated approach to operationalize AfT in the medium term.
    Keywords: Industry and Trade, Trade and Investment, SMEs, cross-border e-commerce, ICT, Aid for Trade, women in trade
    Date: 2015–07
  6. By: Alessandra Bonfiglioli; Rosario Crinò; Gino Gancia
    Abstract: We study how financial frictions affect firm-level heterogeneity and trade in a model where productivity differences across monopolistically competitive firms are endogenous and depend on investment decisions at the entry stage. By increasing entry costs, financial frictions soften competition and lower the value of investing in bigger projects with more dispersed outcomes. Hence, credit frictions make firms more homogeneous and hinder the volume of exports both along the intensive and the extensive margin. Export opportunities, instead, shift expected profits to the tail and increase the value of technological heterogeneity. We test these predictions using comparable measures of sale dispersion within 365 manufacturing industries in 119 countries, built from highly disaggregated US import data. Consistent with the model, financial development increases sale dispersion, especially in more financially vulnerable industries; sale dispersion is also increasing in measures of comparative advantage. These results are quantitatively important for explaining the effect of financial development and factor endowments on export sales.
    Keywords: Financial Development, Firm Heterogeneity, International Trade
    JEL: F12 F16 E24
    Date: 2015–12
  7. By: Sealy-O’Donnell, Sue
    Abstract: This research project asks the question of how short-term theatre production teams (stage-crew), are able to rapidly develop a strong team culture within an environment which does not allow the luxury of time for the standard stages of team culture formation. Utilising a dramaturgical metaphor as a methodological framework, allowed consideration of how these groups create trust, shared rituals and behaviours and establish self-governing tools that may benefit both the individual and the group. The research results showed evidence of four key practices which are critical to their ability to rapidly develop team culture; specific context, individual strategies, techniques that aid self-governance and emotional management. This research is beneficial not only to those studying the formation of team culture, but also the study of temporary, project and mobile teams. In addition practitioners will benefit from this research within a number of areas including, those within the creative industry, (particularly those with similar extreme time limitations), those interested in roles where physical safety necessitates the rapid development of trust and those interested in the collective nature of team development and group efficacy.
    Keywords: Dramaturgical metaphor, Team culture, Rapid team culture development, Group efficacy, Invisible workforce, Self-governance, Rituals, Emotional management, Creative industries, Theatre,
    Date: 2015
  8. By: Mafini Dosso (European Commission – JRC - IPTS); Fernando Hervas (European Commission – JRC - IPTS); Antonio Vezzani (European Commission – JRC - IPTS)
    Abstract: This Policy brief discusses the key role of large R&D investors in the dynamics of innovation ecosystems. In a context of accelerated technological change and increasing global competition, firms should develop complex innovative solutions requiring the interaction of multiple-players. Therefore, knowledge integration becomes a key strategic dimension to keep the edge in the global competition and ecosystems of innovation are privileged ‘places’ where it can be organised in a way that ensures the creation of a higher collective value. Evidence shows that leading R&D investors can play a pivotal role in the establishment and development of such ecosystems, by bringing the necessary assets (resources, knowledge, capabilities and leadership) to activate their dynamics (along the three dimensions of interdependence, integration and initiative). This brief identifies a number of policy interventions to support the functioning of such innovation ecosystems and calls to tailor the interventions in accordance to the stage of development of the given ecosystem.
    Keywords: ecosystem of innovation, corporate R&D, knowledge integration
    Date: 2015–08
  9. By: Palm-Forster, Leah H.; Swinton, Scott M.; Lupi, Frank; Shupp, Robert S.
    Abstract: In a world free of transaction costs, reverse auctions can cost-effectively allocate payment for environmental service contracts by targeting projects that provide the most benefit per dollar spent. However, auctions only succeed if enough farmers choose to bid so that the auctioneer can evaluate numerous projects for targeted funding. A 2014 conservation auction to allocate payments for phosphorus reduction practices in NW Ohio experienced very thin bidding. According to a follow-up survey, auction participation was deterred by the complexity of the bidding process and the need to negotiate with renters. Due to low participation, the actual conservation auction made payments for phosphorus reduction that were surprisingly costly at the margin. Applying a farmer behavioral model to the Western Lake Erie Basin, we simulate participation choice and cost-effectiveness of environmental outcomes in reverse auctions and uniform payment conservation programs. Results reveal that when perceived transaction costs of bid preparation are high, reverse auctions are less cost-effective than spatially targeted, uniform payment programs that attract higher participation. Keywords: reverse auctions, transaction costs, cost-effective, conservation programs, endogenous participation
    Keywords: Agribusiness, Agricultural and Food Policy, Agricultural Finance,
    Date: 2015

This nep-ppm issue is ©2016 by Arvi Kuura. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.