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Development, the Environment, and the Social Rate of Discount


  • Markandya, Anil
  • Pearce, David W


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Suggested Citation

  • Markandya, Anil & Pearce, David W, 1991. "Development, the Environment, and the Social Rate of Discount," World Bank Research Observer, World Bank Group, vol. 6(2), pages 137-152, July.
  • Handle: RePEc:oup:wbrobs:v:6:y:1991:i:2:p:137-52

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    References listed on IDEAS

    1. Peter Berck, 1979. "The Economics of Timber: A Renewable Resource in the Long Run," Bell Journal of Economics, The RAND Corporation, vol. 10(2), pages 447-462, Autumn.
    2. Page, John M., Jr. & Pearson, Scott R. & Leland, Hayne E., 1976. "Capturing Economic Rent From Ghanaian Timber," Food Research Institute Studies, Stanford University, Food Research Institute, issue 01.
    3. Hyde, William F & Amacher, Gregory S & Magrath, William, 1996. "Deforestation and Forest Land Use: Theory, Evidence, and Policy Implications," World Bank Research Observer, World Bank Group, vol. 11(2), pages 223-248, August.
    4. Jeffrey R. Vincent, 1990. "Rent Capture and the Feasibility of Tropical Forest Management," Land Economics, University of Wisconsin Press, vol. 66(2), pages 212-223.
    5. William F. Hyde & Roger A. Sedjo, 1992. "Managing Tropical Forests: Reflections on the Rent Distribution Discussion," Land Economics, University of Wisconsin Press, vol. 68(3), pages 343-350.
    6. William D. Nordhaus, 1992. "Lethal Model 2: The Limits to Growth Revisited," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(2), pages 1-60.
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    Cited by:

    1. Winter-Nelson, Alex, 1996. "Discount rates, natural resources, and the measurement of aggregate economic growth in Africa," Ecological Economics, Elsevier, vol. 17(1), pages 21-32, April.
    2. Rennings, Klaus & Koschel, Henrike & Brockmann, Karl Ludwig & Kuhn, Isabel, 1999. "A regulatory framework for a policy of sustainability: lessons from the neo-liberal school," Ecological Economics, Elsevier, vol. 28(2), pages 197-212, February.
    3. Vörös, Tünde, 2017. "Költség-haszon elemzési keretrendszer sportberuházások társadalmi-gazdasági értékeléséhez
      [An economic framework for cost-benefit analysis of sports facilities]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 394-420.
    4. Bouma, Jetske A. & Biggs, Trent W. & Bouwer, Laurens M., 2011. "The downstream externalities of harvesting rainwater in semi-arid watersheds: An Indian case study," Agricultural Water Management, Elsevier, vol. 98(7), pages 1162-1170, May.
    5. Gulli, Francesco, 2006. "Social choice, uncertainty about external costs and trade-off between intergenerational environmental impacts: The emblematic case of gas-based energy supply decentralization," Ecological Economics, Elsevier, vol. 57(2), pages 282-305, May.
    6. Horowitz, John K., 1996. "Environmental policy under a non-market discount rate," Ecological Economics, Elsevier, vol. 16(1), pages 73-78, January.
    7. Chernyavs'ka, Liliya & Gullì, Francesco, 2010. "Measuring the environmental benefits of hydrogen transportation fuel cycles under uncertainty about external costs," Energy Policy, Elsevier, vol. 38(10), pages 5335-5345, October.
    8. Luckert, Martin K. & Haley, David, 1993. "Canadian Forest Tenures as Incentive Frameworks for the Silvicultural Expenditures of Private Firms," Staff Paper Series 232542, University of Alberta, Department of Resource Economics and Environmental Sociology.
    9. Neumayer, Eric, 1999. "Global warming: discounting is not the issue, but substitutability is," Energy Policy, Elsevier, vol. 27(1), pages 33-43, January.
    10. Éva Pálinkó & Márta Szabó, 2012. "Application of Social Discount Rate in Public Projects," Public Finance Quarterly, State Audit Office of Hungary, vol. 57(2), pages 184-199.
    11. Christian Azar, 1998. "Are Optimal CO 2 Emissions Really Optimal?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 301-315, April.
    12. Ferda Halicioglu & Cevat Karatas, 2011. "Estimation of Economic Discounting Rate for Practical Project Appraisal: The Case of Turkey," Journal of Developing Areas, Tennessee State University, College of Business, vol. 45(1), pages 155-166, July-Dece.
    13. Romina Cavatassi, 2004. "Valuation Methods for Environmental Benefits in Forestry and Watershed Investment Projects," Working Papers 04-01, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
    14. Mark Schreiner & Jacob Yaron, 2001. "Development Finance Institutions : Measuring Their Subsidy," World Bank Publications, The World Bank, number 13983.
    15. Horowitz, John K., 1995. "Environmental Policy Under a Non-Market Discount Rate," Working Papers 197828, University of Maryland, Department of Agricultural and Resource Economics.
    16. Heinrich, G. & Howells, M. & Basson, L. & Petrie, J., 2007. "Electricity supply industry modelling for multiple objectives under demand growth uncertainty," Energy, Elsevier, vol. 32(11), pages 2210-2229.
    17. Hamilton, Kirk & Stover, Jana, 2012. "Economic analysis of projects in a greenhouse world," Policy Research Working Paper Series 6117, The World Bank.
    18. Dagenais, Denyse L., 1995. "L’économiste et les confitures," L'Actualité Economique, Société Canadienne de Science Economique, vol. 71(3), pages 277-290, septembre.
    19. Ko, Jae-Young & Day, John W. & Lane, Robert R. & Day, Jason N., 2004. "A comparative evaluation of money-based and energy-based cost-benefit analyses of tertiary municipal wastewater treatment using forested wetlands vs. sand filtration in Louisiana," Ecological Economics, Elsevier, vol. 49(3), pages 331-347, July.

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