Revisiting Social Discount Rates for Public Investment
This paper aims to estimate the social discount rate (SDR) rather than dig into its theoretical foundation. As SDRs can be derived by investigating both the rate of return on investment and the social time preference rate, we estimate the marginal productivity of both private and public capital and...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2017-05-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2017.39.2.75 |