GTAP Resources: Resource Display
| GTAP Resource #6984 |
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"The economy-wide impact of investment in energy infrastructure development in Burkina Faso" by Ouedraogo, Yacouba, Paul Kibuuka and Charles Adjasi Abstract Under Burkina Faso National Plan for Economic and Social Development (PNDES), a first phase of an ambitious programme for infrastructure development was adopted for 2016-2020. PNDES acknowledges the critical role that energy, transport and telecommunication infrastructure will play in transforming the productive base of Burkina Faso’s economy. However, in recent years, there have been repeated calls from the public and Parliament for the Government to justify the massive investments in infrastructure envisioned by the PNDES. This study quantified the impact of public and private investment in energy infrastructure in Burkina Faso on sovereign macro and microeconomic indicators as well as socioeconomic indicators. Further, the study assessed the funding sources (debt; tax and Official Development Assistance) with the highest developmental return for energy infrastructure. The study drew on Burkina Faso’s social accounting matrix for 2017 to develop a dynamic computable general equilibrium model. Three policy simulations were performed to assess the impact of a 5% increase in investment in energy infrastructure on economic growth in Burkina Faso. The impact of the policy simulation on economic variables was then measured and compared against the baseline. Overall, the findings of this study showed that investment in energy infrastructure is pro-growth in Burkina Faso. This research provides evidence in support of the PNDES in which investment in energy infrastructure is a key strategic pillar. However, this study calls on policy makers to carefully consider the funding source as it may result in negative impact on some economic variables. Moreover, this research urges policy makers to consider accounting for the wider value and benefits of energy infrastructure into Burkina Faso’s infrastructure investment strategic planning. Keywords: investment in energy infrastructure; economic growth; dynamic computable general equilibrium; Burkina Faso. |
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- Dynamic modeling - Economic growth - Africa (West) |
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Public Access  Paper (1.3 MB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM
