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Integrated Investment Appraisal of a 400 Bed Hospital Project in the Kurdistan Region of Iraq Using FAST Modeling Standards

Author

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  • Lafaw Dara Bayiz

Abstract

In undertaking this investigation, the aim was to improve economic and social development in the region by providing a financial, economic and risk analysis of a 400-bed hospital project development by the Kurdistan Regional Government (KRG). The provision of healthcare services is one of the top priorities of the government. People living in this region have insufficient access to advanced healthcare services. This study is based on cost-effectiveness analyses employing the integrated investment appraisal technique. The strategy employed in this study is to move towards a more effective and better projection by carrying out the modeling of expected future healthcare service demands. This work focuses on a variety of internal and global policy areas such as financing, the fees charged by different earners and quality-adjusted life years. The conclusions should be of interest to those planning hospital projects in the Kurdistan Region of Iraq and guiding the Ministries of Planning and Health to develop targeted solutions to the critical issues faced by the KRG. The study was conducted from May 2017 through May 2018. The necessary data for this investigation was obtained from the Ministry of Health Kurdistan-Iraq, the KRG Statistics Office and the Galala Construction Contracting Holding Ltd.

Suggested Citation

  • Lafaw Dara Bayiz, 2018. "Integrated Investment Appraisal of a 400 Bed Hospital Project in the Kurdistan Region of Iraq Using FAST Modeling Standards," Development Discussion Papers 2018-13, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:4519
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    More about this item

    Keywords

    Cost-effectiveness Analysis; Healthcare Services; Hospital Project; Economic Analysis; Financial Analysis; Risk Analysis; Kurdistan Region of Iraq.;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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