Declining Discount Rates: Evidence from the UK

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

Economics Department Working Paper Series from Department of Economics, National University of Ireland - Maynooth

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 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2005-01
New Economics Papers: this item is included in nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://repec.maynoothuniversity.ie/mayecw-files/N1470105.pdf (application/pdf)

Related works:
Working Paper: Declining Discount Rates: Evidence from the UK (2005)
Working Paper: Declining Discount Rates: Evidence from the UK (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:may:mayecw:n1470105

Access Statistics for this paper

More papers in Economics Department Working Paper Series from Department of Economics, National University of Ireland - Maynooth Contact information at EDIRC.
Bibliographic data for series maintained by ( this e-mail address is bad, please contact ).