The Social Discount Rate Estimates For Nine Latin American Countries
The Social Discount Rate: Estimates For Nine Latin American Countries

The social discount rate measures the rate at which a society would be willing to trade present for future consumption. As such it is one of the most critical inputs needed for cost-benefit analysis. This paper presents estimates of the social discount rates for nine Latin American countries. It is...

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Bibliographische Detailangaben
1. Verfasser: Lopez, Humberto (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2008
Schlagworte:
Achieving Shared Growth
Debt Markets
Discount rate
Discount rates
Economic Theory & Research
Finance and Financial Sector Development
Inequality
International bank
Opportunity cost
Poverty Reduction
Private investment
Public investment
Public sector borrowing
Rate of return
Tax
Tax regime
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Zusammenfassung:The social discount rate measures the rate at which a society would be willing to trade present for future consumption. As such it is one of the most critical inputs needed for cost-benefit analysis. This paper presents estimates of the social discount rates for nine Latin American countries. It is argued that if the recent track record in terms of growth in the region is indicative of future performance, estimates of the social discount rate would be in the 3-4 percent range. However, to the extent that the region improves on its past performance, the social discount rate to be used in the evaluation of projects would increase to the 5-7 percent range. The paper also argues that if the social planner gives a similar chance to the low and high growth scenario, the discount rate should be dependent on the horizon of the project, declining from 4.4 percent for a 25-year horizon to less than 4 percent for a 100-year horizon
Beschreibung:Weitere Ausgabe: Lopez, Humberto : The Social Discount Rate
Beschreibung:1 Online-Ressource (1 online resource (19 p.))

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