Declining Discount Rates: Evidence from the UK

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

MPRA Paper from University Library of Munich, Germany

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: C26 C3 Y10 (search for similar items in EconPapers)
Date: 2005-01
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https://mpra.ub.uni-muenchen.de/122402/1/MPRA_paper_122402.pdf original version (application/pdf)

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:pra:mprapa:122402

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