nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2023‒12‒18
eight papers chosen by
Arvi Kuura, Tartu Ülikool


  1. International cooperation projects in support of entrepreneurship in southern Tunisia: activities and relations with public actors By Anissa Hanafi; Wafa Koussani; Faten Khamassi; Nadhira Ben Aissa; Nicolas Faysse
  2. Local economic development through clean electricity generation – an analysis for Brazil and a staggered difference-in-difference approach By Swaroop Rao; David Grover; Dorothée Charlier
  3. Can Green Hydrogen Exports Contribute to Regional Economic Development?. Exploring Scenarios from the Dutch-Brazilian Green Hydrogen Corridor for the State of Ceará By Clara Rabelo Caiafa; Amaro Olimpio Pereira; Henny Romijn; Heleen de Coninck
  4. Affordance Theory for Information Systems project implementation: a process and organizational outlook By Ferran Pérez Pedrola; Claudio Vitari
  5. Public-private partnerships for the circular bio-economy in the Global South: lessons learned By Taron, Avinandan; Majumder, A.; Bodach, Susanne; Agbefu, Dzifa
  6. How to get the best deal for massive FDI incentives By Sauvant, Karl P.; Zimny, Zbigniew
  7. Financing cost impacts on cost competitiveness of green hydrogen in emerging and developing economies By Deger Saygin; Moongyung Lee
  8. A multi-country validation and sensitivity analysis of the project level Women’s Empowerment in Agriculture Index (Pro-WEAI) By Seymour, Greg; Faas, Simone; Ferguson, Nathaniel; Heckert, Jessica; Malapit, Hazel J.; Meinzen-Dick, Ruth; Quisumbing, Agnes R.; van Biljon, Chloe; Gender Agriculture Assets Project Phase 2 Study Team

  1. By: Anissa Hanafi (INAT - Institut National Agronomique de Tunisie); Wafa Koussani (INAT - Institut National Agronomique de Tunisie); Faten Khamassi (INAT - Institut National Agronomique de Tunisie); Nadhira Ben Aissa (INAT - Institut National Agronomique de Tunisie); Nicolas Faysse (UMR G-EAU - Gestion de l'Eau, Acteurs, Usages - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - BRGM - Bureau de Recherches Géologiques et Minières (BRGM) - IRD - Institut de Recherche pour le Développement - AgroParisTech - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement, Cirad-ES - Département Environnements et Sociétés - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement)
    Abstract: In Tunisia, international cooperation projects in support of entrepreneurship boomed after the 2011 revolution. This paper analyses to what extent such projects have built the capacities of those involved in local entrepreneurial "ecosystems". It analyses the main international cooperation projects supporting entrepreneurship in the Kebili and Medenine governorates (southern Tunisia) between 2011 and 2020. The activities of these projects were mapped and two workshops were conducted with actors of the local entrepreneurial ecosystems to discuss their implementation. Fourteen international cooperation projects were identified. These projects mostly focused on increasing the number of enterprises created, e.g., by supporting training, networking and sometimes funding. However, only one project provided support after creation of businesses, and few promoted a culture of entrepreneurship. Overall, these projects generally based their actions on the existing ecosystem of public actors in charge of supporting entrepreneurship. They made limited attempts to build the capacities of those actors, evaluate the functioning of local entrepreneurial ecosystems and coordinate among themselves.
    Keywords: Entrepreneurial ecosystem, Ex-post evaluation, International cooperation projects
    Date: 2022–12–20
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-04115861&r=ppm
  2. By: Swaroop Rao (Grenoble Ecole de Management / IREGE-Université Savoie Mont Blanc); David Grover (Grenoble Ecole de Management); Dorothée Charlier (IREGE-Université Savoie Mont Blanc)
    Abstract: Adaptation of energy systems worldwide to move away from fossil fuels is widely accepted to be a key step in responding to the challenge of climate change. For developing countries and their development banks, this challenge is compounded by the need to ensure economic development, particularly to lift parts of the population out of poverty. In this article, we analyse the economic impacts of electricity generation projects of the Brazilian national development bank. We use a two-way fixed-effects (TWFE) estimator on a 15-year municipality-level panel with time-varying (or “staggered”) treatment that accounts for recent findings in the panel data analysis literature. Our study finds that clean electricity generation has weaker economic effects compared to fossil electricity generation and compared to other projects of the development bank. This differentiated impact is particularly notable when it comes to the impact of investment on employment creation and wage levels. This is the first study that uses microdata to analyse the different economic impacts of clean electricity generation and fossil electricity generation at the local level. We posit that differences in labour intensities of clean electricity generation jobs and the jobs created by fossil electricity generation as well as other types of development bank investment account for these different impacts of project investments. We recommend that the cost of externalities of these projects be internalised in order for development banks and policymakers to get a fuller picture of the benefits brought about by them. Smaller economic impacts of certain development bank investments might also have negative implications for poverty reduction efforts in the country.
    Keywords: energy, Brazil, employment creation, microdata, staggered panel-data analysis
    JEL: C18 O22
    Date: 2022–01
    URL: http://d.repec.org/n?u=RePEc:fae:wpaper:2022.01&r=ppm
  3. By: Clara Rabelo Caiafa; Amaro Olimpio Pereira; Henny Romijn; Heleen de Coninck
    Abstract: To meet climate change mitigation targets, an exponential increase in global green hydrogen trade is expected. Countries rich in renewable energy resources would be in a favourable position to become exporters, potentially bringing opportunities for socio-economic development. The Brazilian state of Ceará is developing a large-scale green hydrogen hub, which is expected to provide one-fifth of European Union (EU) imports by 2030 via the green corridor between Ceará and The Netherlands. Located in what has historically been the least-developed Brazilian region, the green hydrogen hub could bring unique opportunities for regional development in Ceará. However, while empirical studies on economic impacts from other renewable energy projects in developing economies show limited localised benefits, the potential economic co-benefits from export-oriented green hydrogen projects remains uncertain. This study combines semi-structured interviews and input-output modelling to estimate impacts on value-added, income and jobs (by gender) in Ceará according to four local content share scenarios and three renewable energy technologies (onshore wind, offshore wind and solar photovoltaics). By doing so, this study is the first to estimate the potential for economic co-benefits from export-oriented green hydrogen projects in a developing economy context, in a sub-national level, while accounting for technology- and project-specificity as well as impacts on gender inequality. Results suggest that highly internationalised scenarios, that is, with low local content shares and dominated by multinational companies, would not only present local benefits that are often an order of magnitude lower, but could, through distributional implications of employment types, also exacerbate existing income and gender inequalities.
    Keywords: Economic Co-benefits, Green Hydrogen, Gender, Input-Output Analysis, Regional development, Brazil
    Date: 2023–11–29
    URL: http://d.repec.org/n?u=RePEc:wfo:wpaper:y:2023:i:667&r=ppm
  4. By: Ferran Pérez Pedrola (EESC-GEM Grenoble Ecole de Management); Claudio Vitari (CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon)
    Abstract: This paper explores the Information Systems project implementations in organizations. It focuses on the actualization of the affordances that result from the intertwining of the Information Technology (IT) artefact and the organization and we answer to the following research question "How do organizations actualize affordances?" With a qualitative multiple case study on the different local entities of an international leading retailer, this research identifies that previous research omitted the top management sponsorship as one of the main influences for the actualization process. Moreover, constrains perception is observed in the collected data and its role is assessed. This paper contributes the development of the affordance theory by providing an updated process-based integrative theoretical framework for affordances at the organizational level, aimed to support further research on Information Systems.
    Keywords: Multiple Case Study, Affordance Theory, Affordance Actualization, Affordance Effect, Multinational Corporation
    Date: 2023–08–10
    URL: http://d.repec.org/n?u=RePEc:hal:gemptp:hal-04299444&r=ppm
  5. By: Taron, Avinandan; Majumder, A.; Bodach, Susanne; Agbefu, Dzifa
    Abstract: Processing biomass from different waste streams into marketable products such as organic fertilizer and bio-energy is increasingly realized through public-private partnerships (PPPs). In developing countries, the private sector can be expected to contribute technical skills, organizational capabilities and marketing expertise, and leverage capital inflow. In contrast, the public sector will provide the regulatory framework and help its enforcement, plan public investment, involve and educate stakeholders, and ensure waste supply. This report reviews case studies that implemented PPPs in resource recovery and reuse (RRR) from waste streams with a particular focus on Asia and Africa, including those PPPs facilitated by the authors. Critical factors behind the success and failure of these cases are analyzed. The review indicates three key barriers to success: (i) waste-related bottlenecks, (ii) limited awareness about RRR products and their market(ing), and (iii) lack of proper institutional frameworks. Common shortfalls concern failure to meet commitments related to the quality and quantity of waste, missing understanding of the reuse market, etc. The report points out mitigation measures addressing possible challenges around appropriate technologies, finance and revenue streams, legal issues, as well as social and environmental concerns. It is required to establish close monitoring, appropriate procurement mechanisms and due diligence during the project preparation and pre-bid. If possible, such a PPP project should consider risk and commercial viability assessment as well as financial strategy planning (scaling). Successful involvement of the private sector in the RRR market is critical to close the resource loop and safeguard human and environmental health, which is the overarching objective of sustainable waste management.
    Keywords: Resource recovery; Resource management; Reuse; Circular economy; Bioeconomy; Public-private partnerships; Developing countries; Case studies; Waste management; Solid wastes; Recycling; Composting; Organic wastes; Organic fertilizers; Bioenergy; Biogas
    Date: 2023
    URL: http://d.repec.org/n?u=RePEc:iwt:rerere:h052155&r=ppm
  6. By: Sauvant, Karl P.; Zimny, Zbigniew
    Abstract: Countries offer hundreds of billions of dollars for semiconductor, electric vehicles and renewable energy projects, super-charging a global FDI incentives race. This Perspective suggests that countries providing incentives should do that in a manner that results in wider benefits for the host economy, outlining how this can be done.
    Date: 2023
    URL: http://d.repec.org/n?u=RePEc:zbw:colfdi:279951&r=ppm
  7. By: Deger Saygin; Moongyung Lee
    Abstract: Green hydrogen, produced from water and renewable power through the electrolysis process, can play a crucial role in the low-carbon transition to achieve the net-zero emission targets. Currently, the production cost of green hydrogen is not competitive when compared to hydrogen produced from natural gas. High capital costs are a major factor constraining its cost-competitiveness. This working paper utilises financial market data to address the knowledge gap concerning the range of Weighted Average Cost of Capital (WACC) for green hydrogen projects. It also conducts a survey among investors and financiers to identify key risk factors contributing to the high WACC. The key risks that have been identified include offtaker risks, lack of credible offtakers, price uncertainty of green hydrogen, and the absence of hydrogen trading markets. These risks are closely connected to the available risk mitigation strategies and tools. The paper summarises key risk mitigation strategies identified through case studies of lighthouse green hydrogen projects that have either reached or are nearly point of reaching financial investment decisions.
    Keywords: cost competitiveness of green hydrogen, cost of capital, green hydrogen, industry decarbonisation, levelised cost of hydrogen
    JEL: L20 O14 O25 Q42 Q48
    Date: 2023–11–29
    URL: http://d.repec.org/n?u=RePEc:oec:envaaa:227-en&r=ppm
  8. By: Seymour, Greg; Faas, Simone; Ferguson, Nathaniel; Heckert, Jessica; Malapit, Hazel J.; Meinzen-Dick, Ruth; Quisumbing, Agnes R.; van Biljon, Chloe; Gender Agriculture Assets Project Phase 2 Study Team
    Abstract: We discuss the evolution of the project-level Women’s Empowerment in Agriculture Index (pro-WEAI) from its initial launch in 2018 until early 2023. We explain the reasons motivating changes to the composition of pro-WEAI and the adequacy thresholds of several indicators and discuss the implications of both for the overall measurement of project impacts on women’s empowerment. We present supporting empirical results comparing projects’ impacts calculated using the abbreviated Women’s Empowerment in Agriculture Index (A-WEAI) (the predecessor to pro-WEAI with fewer indicators and less stringent indicator cut-offs), the pilot 12-indicator version of pro-WEAI, and the final, revised 10-indicator version of pro-WEAI, based on longitudinal data from six agricultural development projects in East and West Africa and South Asia as part of the Gender, Agriculture, and Assets Project, Phase 2 (GAAP2). In addition, we assess the sensitivity of the revised pro-WEAI to an alternative weighting scheme, namely inverse covariance weighting (ICW). Overall, we find that the revised pro-WEAI performs well: In comparison to A-WEAI, pro-WEAI—regardless of version—identifies larger and more frequently significant impact estimates, indicating that pro-WEAI is more sensitive to detecting project impacts on women’s empowerment than A-WEAI. And we find only minor differences in impact estimates produced using the 12-indicator, 10-indicator, or alternate weighting scheme versions of pro-WEAI. We conclude with reflections on six years of work on pro-WEAI during GAAP2.
    Keywords: SOUTH ASIA; WEST AFRICA; EAST AFRICA; women's empowerment; gender equality; agricultural development; impact assessment; impact evaluation; WEAI
    Date: 2023
    URL: http://d.repec.org/n?u=RePEc:fpr:ifprid:2201&r=ppm

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