||The overall objective of the impact assessment project is to assess the impacts of the NGP to food security, poverty alleviation, environmental stability, biodiversity conservation, and climate change mitigation and adaptation goals of the government. The objectives of the economic component of the impact assessment project (Component II) are the following:
1. Estimate its economic impacts to project beneficiaries in terms of building up capital for improved livelihood for sustained increased income and in terms of the potential benefits NGP will contribute to the economic growth of the communities in the short term, municipality in the mid-term and province/region in the long-term;
2. Conduct an extended Cost-Benefit Analysis (CBA) taking into account all costs and benefits that are quantifiable in this project;
3. Simulate potential long run economy-wide impact of NGP on the economy, incomes through the employment/livelihood component and poverty and the environment using Computable General Equilibrium (CGE) model to derive policy options that will optimize NGP performance; and
4. Analyze other relevant economic issues related to the NGP not mentioned beforehand that may crop up during the course of the conduct of the project.