OECD Papers
- Discontinué
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- OECD Journal: General Papers
OECD Papers provides access to a collection of substantive papers not published as books or articles in other OECD series or journals. All subjects are covered, from the latest OECD research on macroeconomics and economic policies, to work in areas as varied as employment, education, environment, trade, science and technology, development and taxation. OECD Papers are available on a subscription basis. Now a part of the OECD Journal
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- Mensuel
- ISSN : 16812328 (en ligne)
- https://doi.org/10.1787/16812328
Use of Discount Rates in the Estimation of the Costs of Inaction with Respect to Selected Environmental Concerns
A clear conclusion from this study is the allocation of public funds would be substantially improved if OECD countries provided departments with a consistent set of guidance on discounting. This guidance should provide for the analysis of long-term projects, programmes and policies, which are increasingly important, particularly with respect to environmental concerns. Finally, guidance should incorporate advances in theory of discounting under long-term uncertainty. A recipe for determining the appropriate rate of decline in the discount rate is included in this paper.