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El descuento social

Author

Listed:
  • Guadalupe Souto Nieves

    () (Universidad Autónoma de Barcelona)

Abstract

En este trabajo se presenta una revisión de las principales teorías sobre el descuento social, la preferencia temporal y el coste de oportunidad del capital, cuyos resultados empíricos suelen arrojar diferencias significativas. Sin embargo, se muestra que no se trata de dos enfoques alternativos sino complementarios, pues la forma correcta de actualizar los flujos de un proyecto social consiste en combinarlos. Para ello es necesario disponer de estimaciones de la tasa de preferencia temporal, del coste de oportunidad del capital, del precio sombra del capital y de los efectos que el proyecto provoca sobre el consumo y la inversión privados. El procedimiento correcto para llevar a cabo dichas estimaciones también es objeto de análisis. Classification-JEL : H43

Suggested Citation

  • Guadalupe Souto Nieves, 2003. "El descuento social," Hacienda Pública Española, IEF, vol. 165(2), pages 99-126, June.
  • Handle: RePEc:hpe:journl:y:2003:v:165:i:2:p:99-126
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    File URL: http://www.ief.es/documentos/recursos/publicaciones/revistas/hac_pub/165_Panorama.pdf
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    References listed on IDEAS

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    1. Coleman Bazelon & Kent Smetters, 1999. "Discounting Inside the Washington D.C. Beltway," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 213-228, Fall.
    2. Bradford, David F, 1975. "Constraints on Government Investment Opportunities and the Choice of Discount Rate," American Economic Review, American Economic Association, vol. 65(5), pages 887-899, December.
    3. Ainslie, George, 1991. "Derivation of "Rational" Economic Behavior from Hyperbolic Discount Curves," American Economic Review, American Economic Association, vol. 81(2), pages 334-340, May.
    4. R. A. Sharma & M. J. McGregor & J. F. Blyth, 1991. "The Social Discount Rate For Land-Use Projects In India," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(1), pages 86-92.
    5. Otto Eckstein, 1961. "A Survey of the Theory of Public Expenditure Criteria," NBER Chapters,in: Public Finances: Needs, Sources, and Utilization, pages 439-504 National Bureau of Economic Research, Inc.
    6. Arrow, Kenneth J & Lind, Robert C, 1970. "Uncertainty and the Evaluation of Public Investment Decisions," American Economic Review, American Economic Association, vol. 60(3), pages 364-378, June.
    7. Mendelsohn, Robert, 1981. "The Choice of Discount Rates for Public Projects," American Economic Review, American Economic Association, vol. 71(1), pages 239-241, March.
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    Cited by:

    1. Joan Pasqual & Emilio Padilla, 2007. "The Appraisal of Projects with Environmental Impacts. Efficiency and Sustainability," Working Papers wpdea0704, Department of Applied Economics at Universitat Autonoma of Barcelona.

    More about this item

    Keywords

    . coste de oportunidad; precio sombra del capital; preferencia temporal;

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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