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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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 and 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:	24 Oct 2025 05:45
URI:	http://eprints.lse.ac.uk/id/eprint/119814

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