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The social discount rate and the cost of public funds: a search for more consistency and better practice

Spackman, Michael (2023) The social discount rate and the cost of public funds: a search for more consistency and better practice. Journal of Environmental Economics and Policy. ISSN 2160-6544

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Identification Number: 10.1080/21606544.2023.2236062

Abstract

Three, mutually inconsistent approaches to social discounting and the cost of public funds have persisted for fifty years. All have distinguished academic support. All present problems of concept and/or application. This leads to a global loss of cost effectiveness in public spending and regulation. This essay reviews the issues and offers a practitioner’s view on what limited but realistic potential there may be for more consistency and better practice.

Item Type: Article
Official URL: https://www.tandfonline.com/journals/teep20
Additional Information: © 2023 The Author
Divisions: Geography & Environment
Subjects: H Social Sciences > HB Economic Theory
G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences
JEL classification: H - Public Economics > H0 - General > H00 - General
Date Deposited: 24 Jul 2023 14:48
Last Modified: 23 Feb 2024 18:09
URI: http://eprints.lse.ac.uk/id/eprint/119814

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