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Economic impact assessment of mega infrastructure pipeline projects

Author

Listed:
  • Dimitrios J. Dimitriou
  • John C. Mourmouris
  • Maria F. Sartzetaki

Abstract

The economic development features for the decades after the Second World War provide evidence that investments to new infrastructures are a key driver in strengthening the national economy and enhancing nation's productivity, as it creates economic benefits and additional income. However, the decision for fund allocation and investments in mega infrastructure pipeline projects often must be made in conditions that are much more fraught with uncertainty. The key question in such decisions is if the economic impact caused by the new project could be able to essentially boost the economy by creating new jobs and generating new income on one hand; and which are the business sectors expected to archive the benefits of this investment. This article deals with the estimation of the mega infrastructure pipeline project economic effects in economy. The methodological framework is based on input-output approach providing quantitative estimations about the economic impact of the project in terms of new income and jobs. The numerical application deals with the assessment of a cross-border crude oil pipeline project, connecting the ports of Burgas (Bulgaria) and Alexandroupolis (Greece), establishing a new transportation corridor for the crude oil from Black Sea to Southeast Mediterranean.

Suggested Citation

  • Dimitrios J. Dimitriou & John C. Mourmouris & Maria F. Sartzetaki, 2015. "Economic impact assessment of mega infrastructure pipeline projects," Applied Economics, Taylor & Francis Journals, vol. 47(40), pages 4310-4322, August.
    • Handle: RePEc:taf:applec:v:47:y:2015:i:40:p:4310-4322
    DOI: 10.1080/00036846.2015.1026591
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    Cited by:

    1. Maria Sartzetaki & Dimitrios Dimitriou & Aristi Karagkouni, 2019. "Optimum Allocation of Time Resources For Transport Operation Enterprises," International Journal of Business Research and Management (IJBRM), Computer Science Journals (CSC Journals), vol. 10(3), pages 29-43, October.
    2. Hannes Thees, 2020. "Towards Local Sustainability of Mega Infrastructure: Reviewing Research on the New Silk Road," Sustainability, MDPI, vol. 12(24), pages 1-35, December.
    3. Dimitriou , Dimitrios J., 2018. "Economic impact and project financing equilibrium to assess large transport infrastructure projects," Working Papers 18_2, SIET Società Italiana di Economia dei Trasporti e della Logistica.
    4. Dimitrios Dimitriou & Panagiotis Zeimpekis, 2022. "Appraisal Modeling for FSRU Greenfield Energy Projects," Energies, MDPI, vol. 15(9), pages 1-21, April.

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