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

Saurabh Bandyopadhyay, Pradip Kumar Biswas, Devender Pratap, Laxmi Joshi and Ajaya K. Sahu
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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

Margin: The Journal of Applied Economic Research, 2022, vol. 16, issue 3-4, 254-277

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

Keywords: Input-Output; Refinery; Petrochemical; Multiplier (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:sae:mareco:v:16:y:2022:i:3-4:p:254-277

DOI: 10.1177/09738010221150552

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