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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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Washington, D.C
The World Bank
2008
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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: | 1 Online-Ressource (19 Seiten)) |
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| 520 | 3 | |a 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 | |
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| spelling | Lopez, Humberto Verfasser aut The Social Discount Rate Estimates For Nine Latin American Countries Lopez, Humberto Washington, D.C The World Bank 2008 1 Online-Ressource (19 Seiten)) txt rdacontent c rdamedia cr rdacarrier 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 Online-Ausg 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 Lopez, Humberto Sonstige oth Lopez, Humberto The Social Discount Rate http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4639 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Lopez, Humberto The Social Discount Rate Estimates For Nine Latin American Countries 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 |
| title | The Social Discount Rate Estimates For Nine Latin American Countries |
| title_auth | The Social Discount Rate Estimates For Nine Latin American Countries |
| title_exact_search | The Social Discount Rate Estimates For Nine Latin American Countries |
| title_exact_search_txtP | The Social Discount Rate Estimates For Nine Latin American Countries |
| title_full | The Social Discount Rate Estimates For Nine Latin American Countries Lopez, Humberto |
| title_fullStr | The Social Discount Rate Estimates For Nine Latin American Countries Lopez, Humberto |
| title_full_unstemmed | The Social Discount Rate Estimates For Nine Latin American Countries Lopez, Humberto |
| title_short | The Social Discount Rate |
| title_sort | the social discount rate estimates for nine latin american countries |
| title_sub | Estimates For Nine Latin American Countries |
| topic | 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 |
| topic_facet | 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 |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4639 |
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