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On the social discount rate for South American Countries

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  • Marcelo J. Villena
  • Hugo Osorio

Abstract

In this paper, the social discount rate (SDR) is calculated for nine South American countries. We use the social time preference methodology, and as opposed to previous studies for the region, the elasticity of marginal utility of consumption is estimated econometrically using a panel data approach. In particular, a fixed effect panel data model was used to estimate the income elasticity of demand for food. The time-series data used come from the same sources for every country under consideration and correspond to the period 1990–2020.

Suggested Citation

  • Marcelo J. Villena & Hugo Osorio, 2023. "On the social discount rate for South American Countries," Applied Economics Letters, Taylor & Francis Journals, vol. 30(4), pages 429-434, February.
    • Handle: RePEc:taf:apeclt:v:30:y:2023:i:4:p:429-434
    DOI: 10.1080/13504851.2021.1990837
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    Cited by:

    1. Jinchi Dong & Richard S. J. Tol & Fangzhi Wang, 2024. "Towards a representative social cost of carbon," Papers 2404.04989, arXiv.org.

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