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La tasa social de descuento y el medio ambiente

Author

Listed:
  • Francisco Correa Restrepo

    (Universidad de Medellín)

Abstract

The purpose of this article is to analyze the main methodologies put forward for the determination of the social rate of discount in order to describe the central elements that allow to link environmental concerns to existing alternatives for the determination of this rate. Through the application of an aggregate economic model that connects esternalities and intertenporal discounting, a social rate of discount is obtained for Colombia in two settings. The conclusion is that the stylized facts about the evolution of environmental effects can imply a systematically lower social rate of discount across time; thus affecting not only the levels of the social rate of discount across time.

Suggested Citation

  • Francisco Correa Restrepo, 2006. "La tasa social de descuento y el medio ambiente," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 64, pages 91-116, Enero-Jun.
  • Handle: RePEc:lde:journl:y:2006:i:64:p:91-116
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    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/314
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    More about this item

    Keywords

    discounting; environmental impact; tergenerational equity; environmental expense; marginal productivity of capital.;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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