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Glenn P. Jenkins
Department of Economics, Queen’s University, Kingston, ON K7L 3N6, Canada

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Short Biography

Glenn P. Jenkins is currently, a Professor of Economics Queens University, Canada. He is also an Institute Fellow Emeritus of Harvard University. From 2000 to present he has been the Director of Program on Investment Appraisal and Risk Analysis at Queen’s University, Canada. Dr. Jenkins specializes in the fields of public finance, investment appraisal, and economic development. He has published 21 books, and over 150 articles, in these subject fields. To date, he has served as a researcher or economic advisor to 26 governments and 11 international development institutions.

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Journal article
Published: 06 May 2021 in Energies
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This paper assesses the economic benefits of 57 World Bank Group-sponsored hydropower dam plant investments. Hydropower dams are among the main sources for producing electricity and the largest renewable source for power generation throughout the world. Hydropower dams are often a lower-cost option for power generation in Clean Energy Transition for addressing global climate change. Despite its conspicuous aspects, constructing hydropower dams has been controversial. Considering the World Bank’s long history as the largest hydropower development financier, this study investigates its performance in supporting hydropower dams. The outcomes of this study apply to the wider hydropower development community. Of the projects in this study, 70% experienced a cost overrun, and more than 80% of projects experienced time overruns, incurring potential additional costs as a result. Despite the high cost and time overruns, this hydropower portfolio of dams produced a present value of net economic benefits by 2016 of over half a trillion USD. Based on our findings, the evaluated hydropower portfolio helped avoid over a billion tonnes of CO2 for an estimated global environmental benefit valued at nearly USD 350 billion. The projects’ additional environmental benefits raise the real rate of return from 15.4% to 17.3%. The implication for hydropower developers is that the projects’ assessment should consider cost and time overrun and factor them into the project-planning contingency scenarios. There is a considerable benefit for developing countries to exploit their hydropower resources if they can be developed according to industry practices and international standards. The case for developing hydropower may be stronger when considering its climate benefits. The net economic benefits of hydropower can be even higher if there is a greater effort to manage cost and time overruns.

ACS Style

Saule Baurzhan; Glenn Jenkins; Godwin Olasehinde-Williams. The Economic Performance of Hydropower Dams Supported by the World Bank Group, 1975–2015. Energies 2021, 14, 2673 .

AMA Style

Saule Baurzhan, Glenn Jenkins, Godwin Olasehinde-Williams. The Economic Performance of Hydropower Dams Supported by the World Bank Group, 1975–2015. Energies. 2021; 14 (9):2673.

Chicago/Turabian Style

Saule Baurzhan; Glenn Jenkins; Godwin Olasehinde-Williams. 2021. "The Economic Performance of Hydropower Dams Supported by the World Bank Group, 1975–2015." Energies 14, no. 9: 2673.

Earlycite article
Published: 19 March 2021 in Journal of Economic Studies
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Purpose International tourism and FDI inflows have generated detectable beneficial impacts on the economy of Estonia in the last decades. However, recently, poor international market conditions mostly caused by the trade war and COVID-19 pandemic have been a potential threat to these two factors. Besides, the poor performance of investments in recent years is behind the stagnation of productivity in Estonia. This study examines the dynamics of the effects of these factors on the rate of economic growth in Estonia and provides policy implications in line with sustained recovery. Design/methodology/approach A nonlinear ARDL technique is employed in this study to investigate the long-run effects of FDI and the degree of tourism specialization on economic growth rate. Findings Our findings indicate that the economic growth rate of Estonia in the long run has been positively affected by both the rate of FDI inflows and international tourism. Originality/value This is the first study that employs a non-linear approach to investigate the dynamics of long-run effects of FDI and tourism specialization on the rate of economic growth in Estonia and provides policy implications in line with optimal growth strategy considering the economic structure, the current level of productivity and available potentials in this economy.

ACS Style

Amin Sokhanvar; Glenn P. Jenkins. Impact of foreign direct investment and international tourism on long-run economic growth of Estonia. Journal of Economic Studies 2021, ahead-of-p, 1 .

AMA Style

Amin Sokhanvar, Glenn P. Jenkins. Impact of foreign direct investment and international tourism on long-run economic growth of Estonia. Journal of Economic Studies. 2021; ahead-of-p (ahead-of-p):1.

Chicago/Turabian Style

Amin Sokhanvar; Glenn P. Jenkins. 2021. "Impact of foreign direct investment and international tourism on long-run economic growth of Estonia." Journal of Economic Studies ahead-of-p, no. ahead-of-p: 1.

Journal article
Published: 16 March 2021 in Energy Policy
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The displacement impacts of wind power generation on other generation technologies are estimated for Ontario. In addition, their annual financial benefits, costs, and international stakeholder impacts are measured. For every 100 MWh generated, almost 53 MWh of gas output is displaced, and 19 MWh of power is exported. Due to inadequate storage capacity hydro power generation is reduced by 23 MWh. Ontario on average loses about 859 million USD annually from having wind power generation in the system, while the US gains approximately 10 million USD through electricity exported from Ontario. Wind power generation has produced an estimated 109 million USD of benefits by reducing CO2 emissions in the US and Ontario through displacing thermal generation. Comparing the environmental benefits with the net cost to consumers shows the promotion of wind power generation to be largely a waste of Ontario's resources.

ACS Style

Pejman Bahramian; Glenn P. Jenkins; Frank Milne. The displacement impacts of wind power electricity generation: Costly lessons from Ontario. Energy Policy 2021, 152, 112211 .

AMA Style

Pejman Bahramian, Glenn P. Jenkins, Frank Milne. The displacement impacts of wind power electricity generation: Costly lessons from Ontario. Energy Policy. 2021; 152 ():112211.

Chicago/Turabian Style

Pejman Bahramian; Glenn P. Jenkins; Frank Milne. 2021. "The displacement impacts of wind power electricity generation: Costly lessons from Ontario." Energy Policy 152, no. : 112211.

Journal article
Published: 26 December 2020 in Sustainability
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The facilitation of trade is a principal objective in the context of increasing regional trade integration for the achievement of sustainable development goals. The purpose of this study is to estimate the potential annual economic gain to be had from trade facilitation by the coastal countries of the Economic Community of West African States (ECOWAS). These measures would decrease border and documentary compliance time and costs of the administration of international trade. A partial equilibrium welfare economics framework is used that employs sets of export supply and import demand elasticities for each country that are derived using a general equilibrium estimation method. The annual economic welfare gains resulting from the reduction of excessive trade compliance costs for the region are estimated to between US$1.6 billion to US$2.7 billion (2019 prices). This is between 0.24% and 0.42% of the combined GDPs of these countries. The welfare gain is between 6% and 10% of the combined governments’ budgets assigned for education, and is between 33% and 58% of their budgets allocated for health. In the absence of reform, these inefficient practices waste an amount equal to between 15% and 26% of the annual net official development assistance these countries receive.

ACS Style

Shahrzad Safaeimanesh; Glenn Jenkins. Trade Facilitation and Its Impacts on the Economic Welfare and Sustainable Development of the ECOWAS Region. Sustainability 2020, 13, 164 .

AMA Style

Shahrzad Safaeimanesh, Glenn Jenkins. Trade Facilitation and Its Impacts on the Economic Welfare and Sustainable Development of the ECOWAS Region. Sustainability. 2020; 13 (1):164.

Chicago/Turabian Style

Shahrzad Safaeimanesh; Glenn Jenkins. 2020. "Trade Facilitation and Its Impacts on the Economic Welfare and Sustainable Development of the ECOWAS Region." Sustainability 13, no. 1: 164.

Journal article
Published: 23 December 2020 in Sustainability
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Rwanda has aimed to achieve food self-sufficiency but faces binding land and budgetary constraints. A set of government policies have been in force for 20 years that have controlled the major cropping decisions of farmers. A cost–benefit analysis methodology is employed to evaluate the financial and resource flow statements of the key stakeholders. The object of the analysis is to determine the sustainability of the prevailing agricultural policies from the perspectives of the farmers, the economy, and the government budget. A total of seven crops were evaluated. In all provinces, one or more of the crops were either not sustainable from the financial perspective of the farmers or are economically inefficient in the use of Rwanda’s scarce resources. The annual fiscal cost to the government of supporting the sector is substantial but overall viewed to be sustainable. A major refocusing is needed of agricultural policies, away from a monocropping strategy to one that allows the farmers to adapt to local circumstances. A more market-oriented approach is needed if the government wishes to achieve its economic development goal of having a sustainable agricultural sector that supports the policy goal of achieving food self-sufficiency.

ACS Style

Mikhail Miklyaev; Glenn Jenkins; David Shobowale. Sustainability of Agricultural Crop Policies in Rwanda: An Integrated Cost–Benefit Analysis. Sustainability 2020, 13, 48 .

AMA Style

Mikhail Miklyaev, Glenn Jenkins, David Shobowale. Sustainability of Agricultural Crop Policies in Rwanda: An Integrated Cost–Benefit Analysis. Sustainability. 2020; 13 (1):48.

Chicago/Turabian Style

Mikhail Miklyaev; Glenn Jenkins; David Shobowale. 2020. "Sustainability of Agricultural Crop Policies in Rwanda: An Integrated Cost–Benefit Analysis." Sustainability 13, no. 1: 48.

Article
Published: 01 December 2020 in Journal of Benefit-Cost Analysis
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Nepal has suffered from the worst electricity shortages in South Asia. This study is an attempt to measure the willingness to pay for an improved service using a model of revealed preference. Respondents are asked about the actions they are taking to reduce the impact on their household or business of scheduled and unscheduled outages and more stable voltage. We estimate the averting expenditures that were being incurred to compensate for the lack of reliability of the electricity service. The estimated cost of the averting actions as a percentage of the electricity bills is 53 % for households, 47 % for small businesses, 46 % for medium businesses, and 35 % for large businesses. Based on the estimations, we find that in 2017 the annual benefit from improving the reliability of the electricity service would be approximately US$ 188 million with a present value over 20 years of US$ 1.6 billion.

ACS Style

Naghmeh Niroomand; Glenn P. Jenkins. Averting Expenditures and Willingness to Pay for Electricity Supply Reliability. Journal of Benefit-Cost Analysis 2020, 11, 501 -523.

AMA Style

Naghmeh Niroomand, Glenn P. Jenkins. Averting Expenditures and Willingness to Pay for Electricity Supply Reliability. Journal of Benefit-Cost Analysis. 2020; 11 (3):501-523.

Chicago/Turabian Style

Naghmeh Niroomand; Glenn P. Jenkins. 2020. "Averting Expenditures and Willingness to Pay for Electricity Supply Reliability." Journal of Benefit-Cost Analysis 11, no. 3: 501-523.

Journal article
Published: 05 March 2020 in Energy for Sustainable Development
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For the decade prior to 2016 Nepal suffered from the worst electricity shortages in South Asia. During this period load shedding occurred for up to 18 h a day when hydropower generation is low. This research uses parametric and non-parametric models to estimate households' and businesses' willingness to pay (WTP) for improved reliability of electricity services in Nepal. A contingent valuation (CV) survey was completed by 1800 households and 590 businesses. The parametric models are estimated using Logit regressions. The non- parametric estimations include the median, Turnbull and the Kriström mean estimations that are estimated directly from the survey results. In all estimations of the WTP the households and businesses are willing to pay more to get from a 50% reduction to a complete elimination of outages than they are willing to pay to get from their current situation to a 50% reduction in outages. This difference in the estimates of the WTP for these two options is even more important in the case of businesses than for households. In the cost- benefit analysis that uses these results the annual benefit in 2017 from improving the reliability of the electricity service would be approximately US$ 324 million with a present value over 20 years of between US$ 2 and 3.8 billion.

ACS Style

Naghmeh Niroomand; Glenn P. Jenkins. Estimation of households' and businesses' willingness to pay for improved reliability of electricity supply in Nepal. Energy for Sustainable Development 2020, 55, 201 -209.

AMA Style

Naghmeh Niroomand, Glenn P. Jenkins. Estimation of households' and businesses' willingness to pay for improved reliability of electricity supply in Nepal. Energy for Sustainable Development. 2020; 55 ():201-209.

Chicago/Turabian Style

Naghmeh Niroomand; Glenn P. Jenkins. 2020. "Estimation of households' and businesses' willingness to pay for improved reliability of electricity supply in Nepal." Energy for Sustainable Development 55, no. : 201-209.

Articles
Published: 03 January 2020 in Applied Economics
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The real rate of return to capital plays a vital part in the economy in evaluating the contribution of capital investment to the economic growth. As it is also a key variable in estimating the economic opportunity cost of capital for use as the economic discount rate in investment decision-making. The objective of this study is to estimate the economic real rates of return to reproducible and remunerative capital of the EAC economies. The results indicate that the real rates of return to reproducible capital over the period 1999–2016 have averaged 10.70% in Kenya and Rwanda, while it averaged 12.05% and 9.86% in Tanzania and Uganda, respectively. With regard to the marginal rates of return to remunerative capital, the results suggest that EAC countries have averaged 16.28%, 16.21%, 15.07% and 14.49% in Tanzania, Rwanda, Kenya and Uganda, respectively, over the same period.

ACS Style

Abdallah Othman; Glenn P. Jenkins. Estimation of the rate of return to capital in the East African Community (EAC) Countries. Applied Economics 2020, 52, 3257 -3273.

AMA Style

Abdallah Othman, Glenn P. Jenkins. Estimation of the rate of return to capital in the East African Community (EAC) Countries. Applied Economics. 2020; 52 (30):3257-3273.

Chicago/Turabian Style

Abdallah Othman; Glenn P. Jenkins. 2020. "Estimation of the rate of return to capital in the East African Community (EAC) Countries." Applied Economics 52, no. 30: 3257-3273.

Articles
Published: 10 May 2019 in Applied Economics
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This study examines the determinants of educational expenditures by households in Nigeria. Data from the Nigerian General Household Survey, Panel 2012/2013, Wave 2 was used and a double-hurdle model was employed for the analysis. The results suggest household income, the age, education, gender of the household heads and urban versus rural residence have a significant impact on the decision to spend on education. Such expenditures are income elastic overall, but are very different in magnitude for low income compared to higher income families. It is found that the income elasticity of education expenditures are approximately four times greater for households in the bottom two-thirds of the income distribution than for those on the top one-third of the income distribution.

ACS Style

Glenn P. Jenkins; Hope Amala Anyabolu; Pejman Bahramian. Family decision-making for educational expenditure: new evidence from survey data for Nigeria. Applied Economics 2019, 51, 5663 -5673.

AMA Style

Glenn P. Jenkins, Hope Amala Anyabolu, Pejman Bahramian. Family decision-making for educational expenditure: new evidence from survey data for Nigeria. Applied Economics. 2019; 51 (52):5663-5673.

Chicago/Turabian Style

Glenn P. Jenkins; Hope Amala Anyabolu; Pejman Bahramian. 2019. "Family decision-making for educational expenditure: new evidence from survey data for Nigeria." Applied Economics 51, no. 52: 5663-5673.

Journal article
Published: 01 September 2018 in Economic Analysis and Policy
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Naghmeh Niroomand; Glenn P. Jenkins. A comparison of stated preference methods for the valuation of improvement in road safety. Economic Analysis and Policy 2018, 59, 138 -149.

AMA Style

Naghmeh Niroomand, Glenn P. Jenkins. A comparison of stated preference methods for the valuation of improvement in road safety. Economic Analysis and Policy. 2018; 59 ():138-149.

Chicago/Turabian Style

Naghmeh Niroomand; Glenn P. Jenkins. 2018. "A comparison of stated preference methods for the valuation of improvement in road safety." Economic Analysis and Policy 59, no. : 138-149.

Original articles
Published: 30 January 2018 in International Journal of Public Administration
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Traditional approaches to public policy increasingly fail to resolve social challenges, particularly in the field of criminal justice. High rates of juvenile recidivism, for example, are often linked to inequality in education and persistent, long-term unemployment—factors which, while complex, are nonetheless conducive to preventative strategies. Social impact bonds (SIBs) are “pay-for-success” programs that attract private-sector, upfront funding for social interventions. If the program achieves agreed targets, taxpayer funds repay the investor. If the program fails to meet agreed targets, investors take the loss. This innovative form of social finance through public–private partnership has helped spur efficiencies and improvements in the provision and outcomes of criminal justice services. However, the success of a SIB depends on careful implementation, evaluation, and monitoring.

ACS Style

Foroogh Nazari Chamaki; Glenn Paul Jenkins; Majid Hashemi. Social Impact Bonds: Implementation, Evaluation, and Monitoring. International Journal of Public Administration 2018, 42, 289 -297.

AMA Style

Foroogh Nazari Chamaki, Glenn Paul Jenkins, Majid Hashemi. Social Impact Bonds: Implementation, Evaluation, and Monitoring. International Journal of Public Administration. 2018; 42 (4):289-297.

Chicago/Turabian Style

Foroogh Nazari Chamaki; Glenn Paul Jenkins; Majid Hashemi. 2018. "Social Impact Bonds: Implementation, Evaluation, and Monitoring." International Journal of Public Administration 42, no. 4: 289-297.

Journal article
Published: 01 January 2018 in Renewable and Sustainable Energy Reviews
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Sener Salci; Glenn P. Jenkins. An economic analysis for the design of ipp contracts for grid-connected renewable energy projects. Renewable and Sustainable Energy Reviews 2018, 81, 2410 -2420.

AMA Style

Sener Salci, Glenn P. Jenkins. An economic analysis for the design of ipp contracts for grid-connected renewable energy projects. Renewable and Sustainable Energy Reviews. 2018; 81 ():2410-2420.

Chicago/Turabian Style

Sener Salci; Glenn P. Jenkins. 2018. "An economic analysis for the design of ipp contracts for grid-connected renewable energy projects." Renewable and Sustainable Energy Reviews 81, no. : 2410-2420.

Original articles
Published: 19 October 2017 in Asia-Pacific Journal of Accounting & Economics
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Many countries have exempted the income of firms operating in their free trade or export processing zones from corporate income taxation. This paper examines the long-term economic effects of removing this exemption in the Dominican Republic. The results suggest that removal of the corporate income tax exemption could inflict a burden on relatively low-waged workers of about ten times the amount of additional tax revenue collected. The analysis also measures the consequential impacts on prices of goods and services in the economy. It indicates that wealthier groups in society will gain substantially in real income.

ACS Style

Glenn P. Jenkins; Chun-Yan Kuo. Taxing mobile capital in free trade zones to the detriment of workers. Asia-Pacific Journal of Accounting & Economics 2017, 26, 207 -222.

AMA Style

Glenn P. Jenkins, Chun-Yan Kuo. Taxing mobile capital in free trade zones to the detriment of workers. Asia-Pacific Journal of Accounting & Economics. 2017; 26 (3):207-222.

Chicago/Turabian Style

Glenn P. Jenkins; Chun-Yan Kuo. 2017. "Taxing mobile capital in free trade zones to the detriment of workers." Asia-Pacific Journal of Accounting & Economics 26, no. 3: 207-222.

Journal article
Published: 01 September 2017 in Journal of Safety Research
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Findings provide a set of information on the VRR for fatalities and injuries and the value of pedestrian time that is critical for conducing ex ante appraisals of investments to improve pedestrian safety.

ACS Style

Naghmeh Niroomand; Glenn P. Jenkins. Estimating the value of life and injury for pedestrians using a stated preference framework. Journal of Safety Research 2017, 62, 81 -87.

AMA Style

Naghmeh Niroomand, Glenn P. Jenkins. Estimating the value of life and injury for pedestrians using a stated preference framework. Journal of Safety Research. 2017; 62 ():81-87.

Chicago/Turabian Style

Naghmeh Niroomand; Glenn P. Jenkins. 2017. "Estimating the value of life and injury for pedestrians using a stated preference framework." Journal of Safety Research 62, no. : 81-87.

Book chapter
Published: 15 May 2017 in The Economics of Transparency in Politics
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ACS Style

Glenn P. Jenkins; Chun-Yan Kuo. Information, Corruption, and Measures for the Promotion of Manufactured Exports. The Economics of Transparency in Politics 2017, 151 -170.

AMA Style

Glenn P. Jenkins, Chun-Yan Kuo. Information, Corruption, and Measures for the Promotion of Manufactured Exports. The Economics of Transparency in Politics. 2017; ():151-170.

Chicago/Turabian Style

Glenn P. Jenkins; Chun-Yan Kuo. 2017. "Information, Corruption, and Measures for the Promotion of Manufactured Exports." The Economics of Transparency in Politics , no. : 151-170.

Journal article
Published: 03 March 2017 in Sustainability
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Many power utilities in sub-Saharan Africa (SSA) have inadequate generation capacity, unreliable services, and high costs. They also face capital constraints that restrict them from making the investments necessary for capacity expansion. Capacity shortages have compelled power utilities to use leased emergency power-generating units, mainly oil-fired diesel generators, as a short-term solution. An economic analysis is carried out to compare the economic net present value (ENPV) of fuel savings, as well as the greenhouse gas (GHG) savings, from investing capital in a solar PV power-generation plant with those from investing the same amount of funds into a diesel power plant. The results show that ENPV is negative for the solar PV plant, whereas it has a large positive value for the diesel plant. In addition, the diesel plant would be almost three times as effective in reducing GHG emissions as the same value of investment in the solar PV plant. Even with solar investment costs falling, it will take 12 to 24 years of continuous decline before solar PV becomes cost-effective for SSA. The capital cost of solar PV would need to drop to US$1058.4 per kW to yield the same level of ENPV as the diesel plant.

ACS Style

Saule Baurzhan; Glenn P. Jenkins. On-Grid Solar PV versus Diesel Electricity Generation in Sub-Saharan Africa: Economics and GHG Emissions. Sustainability 2017, 9, 372 .

AMA Style

Saule Baurzhan, Glenn P. Jenkins. On-Grid Solar PV versus Diesel Electricity Generation in Sub-Saharan Africa: Economics and GHG Emissions. Sustainability. 2017; 9 (3):372.

Chicago/Turabian Style

Saule Baurzhan; Glenn P. Jenkins. 2017. "On-Grid Solar PV versus Diesel Electricity Generation in Sub-Saharan Africa: Economics and GHG Emissions." Sustainability 9, no. 3: 372.

Journal article
Published: 01 July 2016 in Renewable and Sustainable Energy Reviews
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With insolation levels ranging from 4 to 7 kW h/m2/day, the African continent receives a higher amount of solar energy on its surface than the rest of the world. Hence, investments in solar electricity generation projects in African countries have the potential to be economically attractive. This paper reviews the feasibility of off-grid solar photovoltaic (PV) systems in SSA, focusing on five major issues in the context of falling system costs: cost-effectiveness, affordability, financing, environmental impact, and poverty alleviation. Over time, solar PV system costs have fallen dramatically across the globe. This is also the case in SSA, yet the costs prevailing in SSA are much higher than the world average owing to political, financial, and technological risks. Solar PV power systems continue to be an extremely costly source of electricity for the vast majority of the rural poor in SSA. The levellized cost of energy for solar PV systems is high, at US$0.83 per kW h. With an annual rate of decrease of PV system costs of 4% and 7.67% it is estimated that it will take from 8.7 to 16.9 years for solar home systems for electricity generation to become competitive with conventional diesel generators. The cost of reducing greenhouse gas emissions through rural solar PV electrification is in the range 150–626 US$/tCO2, which is extremely high compared with the current price of traded CO2 emission permits or current estimates of the social cost of carbon of approximately 39 US$/tCO2. Off-grid solar PV systems are not feasible financially or economically for rural households of SSA unless these technologies are subsidised from abroad. If the policy of a country is to encourage rural electrification, it should carry this out through a systematic expansion of either local or national grids rather than household-level solar PV systems.

ACS Style

Saule Baurzhan; Glenn P. Jenkins. Off-grid solar PV: Is it an affordable or appropriate solution for rural electrification in Sub-Saharan African countries? Renewable and Sustainable Energy Reviews 2016, 60, 1405 -1418.

AMA Style

Saule Baurzhan, Glenn P. Jenkins. Off-grid solar PV: Is it an affordable or appropriate solution for rural electrification in Sub-Saharan African countries? Renewable and Sustainable Energy Reviews. 2016; 60 ():1405-1418.

Chicago/Turabian Style

Saule Baurzhan; Glenn P. Jenkins. 2016. "Off-grid solar PV: Is it an affordable or appropriate solution for rural electrification in Sub-Saharan African countries?" Renewable and Sustainable Energy Reviews 60, no. : 1405-1418.

Journal article
Published: 01 June 2016 in Accident Analysis & Prevention
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The incidence of fatality over the period 2010–2014 from automobile accidents in North Cyprus is 2.75 times greater than the average for the EU. With the prospect of North Cyprus entering the EU, many investments will need to be undertaken to improve road safety in order to reach EU benchmarks. The objective of this study is to provide local estimates of the value of a statistical life and injury along with the value of time savings. These are among the parameter values needed for the evaluation of the change in the expected incidence of automotive accidents and time savings brought about by such projects. In this study we conducted a stated choice experiment to identify the preferences and tradeoffs of automobile drivers in North Cyprus for improved travel times, travel costs, and safety. The choice of route was examined using mixed logit models to obtain the marginal utilities associated with each attribute of the routes that consumers choose. These estimates were used to assess the individuals’ willingness to pay (WTP) to avoid fatalities and injuries and to save travel time. We then used the results to obtain community-wide estimates of the value of a statistical life (VSL) saved, the value of injury (VI) prevented, and the value per hour of travel time saved. The estimates for the VSL range from €315,293 to €1,117,856 and the estimates of VI from € 5,603 to € 28,186. These values are consistent, after adjusting for differences in incomes, with the median results of similar studies done for EU countries.

ACS Style

Naghmeh Niroomand; Glenn P. Jenkins. Estimating the Value of Life, Injury, and Travel Time Saved Using a Stated Preference Framework. Accident Analysis & Prevention 2016, 91, 216 -225.

AMA Style

Naghmeh Niroomand, Glenn P. Jenkins. Estimating the Value of Life, Injury, and Travel Time Saved Using a Stated Preference Framework. Accident Analysis & Prevention. 2016; 91 ():216-225.

Chicago/Turabian Style

Naghmeh Niroomand; Glenn P. Jenkins. 2016. "Estimating the Value of Life, Injury, and Travel Time Saved Using a Stated Preference Framework." Accident Analysis & Prevention 91, no. : 216-225.

Journal article
Published: 01 May 2016 in Energy Economics
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This research examines households' willingness to pay (WTP) for an improved electricity service. Households' stated WTP is estimated using the choice experiment (CE) method. The data used in the estimations come from 350 in-person interviews conducted during the period 5–22 August 2008 in North Cyprus. Compensating variation (CV) estimates for a zero-outage scenario are calculated using the parameter estimates from the mixed logit (ML) model; these are 6.65 YTL (Turkish lira) per month (3.02 USD) for summer and 25.83 YTL per month (11.74 USD) for winter. In order to avoid the cost of outages, households are willing to incur a 3.6% and a 13.9% increase in their monthly electricity bill for summer and winter, respectively. The WTP per hour unserved is 0.28 YTL (0.13 USD) for summer, and 1.08 YTL (0.49 USD) for winter. A preliminary cost–benefit analysis indicates that the annualized economic benefits are approximately 42.7 million YTL (19.4 million USD) for the residential sector. This would justify an investment in additional generation capacity of approximately 268 MW, which is far more than that which is needed to eliminate the service reliability problem.

ACS Style

Aygul Ozbafli; Glenn P. Jenkins. Estimating the willingness to pay for reliable electricity supply: A choice experiment study. Energy Economics 2016, 56, 443 -452.

AMA Style

Aygul Ozbafli, Glenn P. Jenkins. Estimating the willingness to pay for reliable electricity supply: A choice experiment study. Energy Economics. 2016; 56 ():443-452.

Chicago/Turabian Style

Aygul Ozbafli; Glenn P. Jenkins. 2016. "Estimating the willingness to pay for reliable electricity supply: A choice experiment study." Energy Economics 56, no. : 443-452.

Preprint
Published: 06 April 2016 in SSRN Electronic Journal
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Sener Salci; Glenn P. Jenkins. An Economic and Stakeholder Analysis for the Design of IPP Contracts for Wind Farms. SSRN Electronic Journal 2016, 1 .

AMA Style

Sener Salci, Glenn P. Jenkins. An Economic and Stakeholder Analysis for the Design of IPP Contracts for Wind Farms. SSRN Electronic Journal. 2016; ():1.

Chicago/Turabian Style

Sener Salci; Glenn P. Jenkins. 2016. "An Economic and Stakeholder Analysis for the Design of IPP Contracts for Wind Farms." SSRN Electronic Journal , no. : 1.