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Declining Discount Rates: Evidence from the UK

Groom, Ben and Koundouri, Phoebe and Panopoulou, Ekaterini and Pantelidis, Theologos (2005) Declining Discount Rates: Evidence from the UK. UNSPECIFIED. (Unpublished)

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Abstract

We estimate schedules of declining discount rates for cost benefit analysis in the UK. We highlight the importance of model selection for this task and hence for the evaluation of long-term investments, namely climate change prevention and uuclear build.

Item Type: Other
Additional Information: Working paper series N147/01/05
Keywords: Long-run discounting, state-space models, regime-switching models, climate change policy, nuclear build
Subjects: Social Sciences > Economics
Item ID: 203
Depositing User: Ms Sandra Doherty
Date Deposited: 17 Feb 2005
Refereed: No
URI:

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