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. . AbstractWe 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. | Additional Information: | Working paper series N147/01/05 |
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| Keywords: | Long-run discounting, state-space models, regime-switching models, climate change policy, nuclear build |
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| Subjects: | Social Sciences > Economics |
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| ID Code: | 203 |
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| Deposited By: | Ms Sandra Doherty |
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| Deposited On: | 17 Feb 2005 |
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| Refereed: | No |
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