A social discount rate for Turkey

Ferda Halicioglu and Cevat Karatas

MPRA Paper from University Library of Munich, Germany

Abstract: ocial Discount Rate (SDR) is a very crucial policy parameter in public project appraisals due to its resource allocation impacts. This study estimates an SDR for Turkey using the Social Time Preference Rate (STPR) approach. The elasticity of the marginal utility consumption, which is the most important component of the STPR, is estimated econometrically from a demand for food approach during the period of 1980-2008. The overall result indicates that the SDR for Turkey is 5.06%. The European Union requires evaluation of the publicly supported commercial projects in terms of the SDR; hence the findings from this study can be used as a useful policy measurement for a full EU member candidate country, Turkey.

Keywords: ocial discount rate; social time preference; project appraisal; ARDL; Turkey (search for similar items in EconPapers)
JEL-codes: C22 H20 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-ara and nep-ppm
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Related works:
Journal Article: A social discount rate for Turkey (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:32925

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