scholarly journals Paraguay, Bhutan and Nepal: Landlocked but Hydropower Rich Cases of the Lame duck, Flying Goose and Sitting Duck!

2009 ◽  
Vol 3 ◽  
pp. 4-8 ◽  
Author(s):  
Santa Bahadur Pun

Paraguay has 5.6 million people, Bhutan has 0.6 million and Nepal has 27 million, all small land locked countries with rich hydropower potential. The 12,600 MW Itaipu Project commissioned on Paraguay-Brazil border river, Parana, was the world’s largest hydropower plant until China’s Three Gorges superseded it in 2007. Paraguay’s share, half of Itaipu’s generation, is on average of about 44,000 million units annually with over 90% sold to Brazil. Nepal’s projected average annual generation from three major multipurpose projects, at Sapta Koshi, Karnali Chisapani and Pancheshwar’s 50%, totals about the same. Despite two decades of such large volume of power export, however, Paraguay remains the second poorest country in South America. Nepal, with a tiny 550 MW of hydropower capacity, is undergoing bouts of load shedding and is mired in controversies. Bhutan, with a mere export of about 1,300 MW, comprising 60% of the national revenue, has therefore been strongly recommended as the model for Nepal to replicate. If India is to maintain her 9% GDP growth rate then she will require 785,000 MW (6 times the present installed capacity) of power by 2026/27. Along with this demand for power, she will also need huge quantities of additional freshwater. While there are options for power, there are none for water. All large or small storage projects in Nepal augment water to the rivers flowing down to India. So far India’s policy has been to obtain this augmented water through Nepal’s default. Nepal needs to seriously consider why Paraguay, despite its huge export, is a lame duck while Bhutan with a tiny export is a flying goose!Key words: Power export, Karnali Chisapani, Pancheshwar, Sapta Koshi, Nepal-India Water Resources negotiations,Nepal’s default, Paraguay, Bhutandoi: 10.3126/hn.v3i0.1895Hydro Nepal: Journal of Water, Energy and Environment Issue No. 3, January, 2008 Page 4-8

2013 ◽  
Vol 52 (4I) ◽  
pp. 479-492 ◽  
Author(s):  
Saima Nawaz ◽  
Nasir Iqbal ◽  
Saba Anwar

Pakistan has plunged into darkness because of severe electricity shortage over the last few years. The electricity shortfall has reached 4,250 MW with demand standing at 16,400 MW and generation at 12,150 MW in June 2013 (PEPCO). The load shedding and power blackouts act as a binding constraint to the economic growth through their impact on employment, trade and poverty [Kessides (2013)]. The existing statistics reveal that Pakistan has witnessed low GDP growth rate during the periods of low or negative electricity growth and during the periods where electricity growth picked up there is an increase in GDP growth rate [Pakistan (2013)]. The power crisis has destroyed the industrial sector of Pakistan. Around 40 percent factories and industry units have now been closed and around 7.5 percent of labour force is out of jobs only because of this dilemma.1


2016 ◽  
Vol 8 (3) ◽  
pp. 1
Author(s):  
Abdul Rasheed Sithy Jesmy ◽  
Mohd Zaini Abd Karim ◽  
Shri Dewi Applanaidu

Conflicts in the form of civil war, ethnic tensions and political discord are of enduring concern and a major bottleneck to economic development in Sri Lanka. Three decades of civil war and unethical political culture have caused severe economic problems for the country, including slower rate of growth and a huge defence expenditure. The aim of this study is to examine the effect of military expenditure and conflict on per capita GDP growth rate in Sri Lanka from 1973 to 2014 using the Solow growth model and ARDL bounds test approach. The results of the bounds test are highly significant and lead to cointegration. The negative and significant coefficients of the error correction term illustrate the expected convergence process in the long-run dynamic of per capita GDP. The estimated empirical results show that, the coefficients of military expenditure and conflict are negative and statistically significant in the short-run as well as in the long-run in determining per capita GDP growth rate in Sri Lanka. Hence, it is critically important to take necessary action to decrease military expenditure and provide an efficient political solution to the problem of minorities, specifically in the post-war period.


2016 ◽  
Vol 64 ◽  
pp. 524-530 ◽  
Author(s):  
Igor Mladenović ◽  
Miloš Milovančević ◽  
Svetlana Sokolov Mladenović ◽  
Vladislav Marjanović ◽  
Biljana Petković

2017 ◽  
Vol 17 (3) ◽  
pp. 367-379 ◽  
Author(s):  
Zhengtao Zhang ◽  
Ning Li ◽  
Wei Xie ◽  
Yu Liu ◽  
Jieling Feng ◽  
...  

Abstract. The total losses caused by natural disasters have spatial heterogeneity due to the different economic development levels inside the disaster-hit areas. This paper uses scenarios of direct economic loss to introduce the sectors' losses caused by the 2008 Wenchuan earthquake (2008 WCE) in Beijing, utilizing the Adaptive Regional Input–Output (ARIO) model and the Inter-regional ripple effect (IRRE) model. The purpose is to assess the ripple effects of indirect economic loss and spatial heterogeneity of both direct and indirect economic loss at the scale of the smallest administrative divisions of China (streets, villages, and towns). The results indicate that the district of Beijing with the most severe indirect economic loss is the Chaoyang District; the finance and insurance industry (15, see Table 1) of Chaowai Street suffers the most in the Chaoyang District, which is 1.46 times that of its direct economic loss. During 2008–2014, the average annual GDP (gross domestic product) growth rate of Beijing was decreased 3.63 % by the catastrophe. Compared with the 8 % of GDP growth rate target, the decreasing GDP growth rate is a significant and noticeable economic impact, and it can be efficiently mitigated by increasing rescue effort and by supporting the industries which are located in the seriously damaged regions.


2018 ◽  
Vol 7 (3) ◽  
pp. 5-24 ◽  
Author(s):  
Mustafa Özer ◽  
Jovana Žugić ◽  
Sonja Tomaš-Miskin

Abstract In this study, we investigate the relationship between current account deficits and growth in Montenegro by applying the bounds testing (ARDL) approach to co-integration for the period from the third quarter of 2011 to the last quarter of 2016. The bounds tests suggest that the variables of interest are bound together in the long run when growth is the dependent variable. The results also confirm a bidirectional long run and short run causal relationship between current account deficits and growth. The short run results mostly indicate a negative relationship between changes in the current account deficit GDP ratio and the GDP growth rate. This means that any increase of the value of independent variable (current account deficit GDP ratio) will result in decrease of the rate of GDP growth and vice versa. The long-run effect of the current account deficit to GDP ratio on GDP growth is positive. The constant (β0) is positive but also the (β1), meaning that with the increase of CAD GDP ratio of 1 measuring unit, the GDP growth rate would grow by 0,5459. This positive and tight correlation could be explained by overlapping structure of the constituents of CAD and the drivers of GDP growth (such as tourism, energy sector, agriculture etc.). The results offer new perspectives and insights for new policy aiming for sustainable economic growth of Montenegro.


Author(s):  
Maman Ali M. Moustapha ◽  
Qian Yu

This paper analyzes the effect of research and development (R&D) expenditures on economic growth in the Organization of Economic Cooperation and Development (OECD) countries over the period 2000-2016. This study conducts an empirical analysis using a multiple regression model. The main findings confirm that an increase in research and development expenditure by 1% would generate an increase of real GDP growth rate to 2.83 %. The implication emerging from this study is that government and institutions need to increase investment in R&D expenditures to fulfill inclusive economic growth perspective.


2013 ◽  
Vol 52 (1) ◽  
pp. 87-93
Author(s):  
Yuriy Melnykov

This paper analyses the fiscal sustainability of government finances in the 27 EU countries and Norway using an empirical, statistical approach and ADF tests for a unit root in the time series of the differences between the GDP growth rate and the long-term interest rate, and the primary balance.


2020 ◽  
Vol 23 (4) ◽  
pp. 501-524
Author(s):  
Harald Kinateder ◽  
Robert Bauer ◽  
Niklas Wagner

We study illiquidity in ASEAN-5 sovereign bond markets from 2008 to 2019 by using an illiquidity measure, which is based on a proxy of the amount of arbitrage capital available in sovereign bond markets. Our analysis identifies three drivers of illiquidity in Singapore, namely economic policy uncertainty, the default spread and the GDP growth rate. In contrast, liquidity of all other markets is mostly not characterized by economic drivers. It appears that overall liquidity is lower in the markets outside Singapore and therefore deviations in these yield curves are higher on average and arbitrage eliminates larger deviations not immediately but in a delayed manner.


2008 ◽  
Vol 1 ◽  
pp. 15-21
Author(s):  
Rajendra P. Thanju

Hydropower is one of the cleanest, renewable and environmentally benign sources of energy. Nepal is blessed with immense source of water resources and huge hydropower potential. The Kali Gandaki ‘A’ (KGA) Hydroelectric Project is the largest hydropower project constructed so far in Nepal. The project is a daily pondage type scheme with an installed capacity of 144 MW. The KGA is one of the first largest hydropower projects that has been well studied environmentally and socially in the pre-project, construction and operation stages. A full team of multi-disciplinary professionals was involved during the construction phase to monitor environmental impacts and compliance with contract clauses, and to implement the mitigation measures. Implementation of KGA in what was once considered as a remote area, has resulted in multifold beneficial impacts to the local community. Improvement of public infrastructure, enhanced educational facilities and employment of local populations, including affected families during project construction and operation phase, have enhanced the quality of rural lives. The KGA operation has contributed significantly to Nepal’s power system and has boosted the economic development of the country. Key words: Hydropower; environmental monitoring; impacts; mitigation; resettlement; Nepal Hydro Nepal: Journal of Water, Energy and Environment Vol. I No. 1, 2007 pp. 15-21


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