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Economic Impact Analysis of a Mega Project on Petroleum Refinery: A Case Study of the Proposed Ratnagiri Refinery in Maharashtra

Author

Listed:
  • Saurabh Bandyopadhyay

    (Saurabh Bandyopadhyay (corresponding author) is a Senior Fellow at National Council of Applied Economic Research, New Delhi, India.)

  • Pradip Kumar Biswas

    (Pradip Kumar Biswas is an Associate Professor at College of Vocational Studies, Delhi University, New Delhi, India. E-mail: pkbiswas1963@gmail.com)

  • Devender Pratap

    (Devender Pratap is a Senior Fellow at National Council of Applied Economic Research, New Delhi, India. E-mail: dpratap@ncaer.org)

  • Laxmi Joshi

    (Laxmi Joshi is a Fellow at National Council of Applied Economic Research, New Delhi, India. E-mail: ljoshi@ncaer.org)

  • Ajaya K. Sahu

    (Ajaya K. Sahu is an Associate Fellow at National Council of Applied Economic Research, New Delhi, India. E-mail: aksahu@ncaer.org)

Abstract

An economic evaluation of mega projects is very important for taking into account important aspects connected with investment and operation costs, their possible overflows and the fulfilment of the time period intended for the project. But it is also needed for monitoring the impact of the projects on the overall economy and the regional surroundings. The main objective of the present article is the evaluation of a particular mega project, that is, Ratnagiri Refinery and Petrochemicals Limited, by examining the various aspects of economic evaluation using a new methodology for the estimation of the specific impact in the project evaluation. JEL Codes: C67, L71, L74

Suggested Citation

  • Saurabh Bandyopadhyay & Pradip Kumar Biswas & Devender Pratap & Laxmi Joshi & Ajaya K. Sahu, 2022. "Economic Impact Analysis of a Mega Project on Petroleum Refinery: A Case Study of the Proposed Ratnagiri Refinery in Maharashtra," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 16(3-4), pages 254-277, August.
    • Handle: RePEc:sae:mareco:v:16:y:2022:i:3-4:p:254-277
    DOI: 10.1177/09738010221150552
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    More about this item

    Keywords

    Input-Output; Refinery; Petrochemical; Multiplier;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction

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