Cost benefit analysis and the social time preference rate to estimate social discount rate in the Czech republic

dc.contributor.author	Franc, Petr
dc.contributor.author	Tetřevová, Liběna
dc.date.accessioned	2012-03-14T13:25:57Z
dc.date.available	2012-03-14T13:25:57Z
dc.date.issued	2010
dc.identifier	Univerzitní knihovna (studovna)
dc.identifier.isbn	978-80-7395-386-7 (Online)
dc.identifier.isbn	978-80-7395-368-3 (Print)
dc.identifier.issn	1211-5541
dc.identifier.uri	http://hdl.handle.net/10195/42628
dc.description.abstract	The choice of the discount rate is a crucial issue for evaluating projects with longterm impacts. The paper deals with a calculation of a social discount rate for the Czech Republic based upon the Social Time Preference Rate (STPR), from which perspective the critical components of the STPR are: the elasticity of the marginal utility of consumption, the growth rate of per capita real consumption, and mortality based utility discount rate. Estimates turn out to be 1.36; 2.9 and 1.31% respectively yielding an overall figure of 5.25 %.	eng
dc.format	p. 191-201
dc.language.iso	eng
dc.publisher	Univerzita Pardubice	cze
dc.relation.ispartof	Scientific papers of the University of Pardubice. Series A, Faculty of Chemical Technology. 16 (2010)
dc.subject	social discount rate	eng
dc.subject	Czech republic	eng
dc.subject	cost benefit analysis	eng
dc.title	Cost benefit analysis and the social time preference rate to estimate social discount rate in the Czech republic	eng
dc.type	Article	eng
dc.identifier.signature	47333-16
dc.peerreviewed	yes
dc.publicationstatus	published