Declining Discount Rates: Evidence from the UK

Ben Groom, Phoebe Koundouri (), Ekaterini Panopoulou and Theologos Pantelidis

No 503, DEOS Working Papers from Athens University of Economics and Business

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 nuclear build.

Keywords: long-run discounting; state-space models; regime-switching models; climate change policy; nuclear build (search for similar items in EconPapers)
JEL-codes: C13 C53 Q2 Q4 (search for similar items in EconPapers)
Date: 2005-12-30
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Related works:
Working Paper: Declining Discount Rates: Evidence from the UK (2005)
Working Paper: Declining Discount Rates: Evidence from the UK (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:aue:wpaper:0503

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