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Social Discount Rates for Six Transition Countries

In: Ekonomický časopis/Journal of Economics, vol. 67, no. 6
Erdem Seçilmiş - Hale Akbulut
Detaily:
Rok, strany: 2019, 629 - 646
Jazyk: eng
Kľúčové slová:
social discount rate, transition economies, project appraisal; JEL Classification: H40, H43
Typ článku: Vedecký článok / Article
Typ dokumentu: PDF / PDF
O článku:
The key role of public sector investments in economic transformations makes the choice of social discount rate especially crucial for transition countries. The aim of this study is to estimate the social discount rates of six transition economies – Czech Republic, Estonia, Hungary, Latvia, Poland, Slovak Republic – by using two different approaches. We observe that the estimates produced by tax approach are concentrated in a band between 3.3% (Hungary) and 6.91% (Estonia). In comparison with tax approach estimations, the social discount rates obtained by food demand approach are lower for all selected countries: the lowest value is 1.94% (Czech Republic) and the highest is 3.5% (Latvia).
The key role of public sector investments in economic transformations makes the choice of social discount rate especially crucial for transition countries. The aim of this study is to estimate the social discount rates of six transition economies – Czech Republic, Estonia, Hungary, Latvia, Poland, Slovak Republic – by using two different approaches. We observe that the estimates produced by tax approach are concentrated in a band between 3.3% (Hungary) and 6.91% (Estonia). In comparison with tax approach estimations, the social discount rates obtained by food demand approach are lower for all selected countries: the lowest value is 1.94% (Czech Republic) and the highest is 3.5% (Latvia).
Ako citovať:
ISO 690:
Seçilmiş, E., Akbulut, H. 2019. Social Discount Rates for Six Transition Countries. In Ekonomický časopis/Journal of Economics, vol. 67, no.6, pp. 629-646. 0013-3035.

APA:
Seçilmiş, E., Akbulut, H. (2019). Social Discount Rates for Six Transition Countries. Ekonomický časopis/Journal of Economics, 67(6), 629-646. 0013-3035.
O vydaní:
Vydavateľ: Ekonomický ústav SAV a Prognostický ústav CSPV SAV
Publikované: 2. 10. 2019