Mostrar el registro sencillo del ítem

Debate on the social rate of long term discount: state of art

dc.creatorCorrea Restrepo, Franciscospa
dc.date.accessioned2017-06-15T21:49:39Z
dc.date.available2017-06-15T21:49:39Z
dc.date.created2008
dc.identifier.citationCorrea Restrepo, F. (2008). El debate de la tasa social de descuento de largo plazo: estado del arte. Equidad y Desarrollo, 0(10), 61-82. doi:http://dx.doi.org/10.19052/ed.266spa
dc.identifier.issn16927311
dc.identifier.urihttp://hdl.handle.net/11407/3341
dc.descriptionEste artículo tiene como objetivo realizar un análisis del debate teórico que se ha generado alrededor de la determinación de la tasa social de descuento utiliza- da en la evaluación de proyectos con impactos ambientales de largo plazo. Así, describe la evolución del debate y se revisa teóricamente el concepto del descuento y su papel en los modelos de crecimiento económico y maximización del bienestar social. Igualmente, se analizan los diversas críticas planteadas al enfoque tradicional de determinación del descuento utilizado en el análisis costo-beneficio y se estudian tres de las principales propuestas alter- nativas para la determinación de la tasa de descuento largo plazo. A partir de la evidencia empírica, planteada por diversos estudios que favorecen el uso de tasas de descuento bajas, se concluye que la tasa social de descuento utilizada para evaluar proyectos con impacto en el largo plazo debe ser una tasa declinante en el tiempo y no una tasa de descuento constante.spa
dc.descriptionThe purpose of this article is to carry out an analysis of theoretical debate that has been raised around the determination of the social rate of discount used in the projects appraisal with long term environmental impacts. Thus, it describes the evolution of the de- bate and the concept of the discount and its role in the models of economic growth and the maximization of the social welfare are reviewed. Also, this paper analyzes diverse critics raised to the traditional approach of determination of the discount used in the cost-benefit analysis. Subsequently, three main alternative proposals for the determination of the long term discount rate are studied. From the empirical evidence, raised by diverse studies that favor the use of low discount rates, it is concluded that the social rate of discount used to evaluate projects with impact in the long term should be a declining rate in the time and not a constant rate of discount.spa
dc.language.isospa
dc.publisherUniversidad de la Sallespa
dc.relation.isversionofhttps://revistas.lasalle.edu.co/index.php/ed/article/view/266/200spa
dc.sourceRevista Equidad y Desarrollospa
dc.subjectDescuentospa
dc.subjectpreferencias intertemporalesspa
dc.subjectimpactos ambientalesspa
dc.subjectanálisis costo-beneficiospa
dc.subjectincertidumbrespa
dc.subjectequidad intergeneracionalspa
dc.subjectdiscountspa
dc.subjectintertemporal choicesspa
dc.subjectenvironmental impactsspa
dc.subjectcost-benefit analysisspa
dc.subjectuncertaintyspa
dc.subjectintergenerational equityspa
dc.titleEl debate de la tasa social de descuento de largo plazo: estado del artespa
dc.titleDebate on the social rate of long term discount: state of artspa
dc.typeArticleeng
dc.rights.accessrightsinfo:eu-repo/semantics/openAccess
dc.rights.accessrightsinfo:eu-repo/semantics/openAccess
dc.publisher.programEconomíaspa
dc.identifier.doihttps://doi.org/10.19052/issn.1692-7311
dc.publisher.facultyFacultad de Ciencias Económicas y Administrativasspa
dc.creator.affiliationCorrea Restrepo, Francisco; Universidad de Medellínspa
dc.relation.ispartofesRevista Equidad y Desarrollo No. 10: 61-82 / Julio - diciembre de 2008spa
dc.relation.referencesAinslie, G. Picoeconomics. Cambridge: Cambridge University Press, 1992.spa
dc.relation.referencesAlmansa, M. y R. Calatrava. “Integración de la dimensión ambiental en la evaluación económica de inversiones: discusión metodológica sobre el análisis coste-beneficio generalizado”. Comunicación presentada al IV Congreso Nacional de Economía Agraria. Pamplona, 2001.spa
dc.relation.referencesArrow, K., et al. “Intertemporal Equity, Discounting, and economic Efficiency”. IPCC (editors). Economic and Social Dimensions of Climate change. Contribution of Working Group III to the Second Assessment Report of the IPCC. Cambridge: Cambridge University Press, 1996.spa
dc.relation.referencesArrow, K. “Discounting, Morality and Gaming”. Portney, P., Weyant, J., (Ed.). Discounting and Intergenerational Equity. Washington: Resources for the Future, 1999.spa
dc.relation.referencesAzar, C. y T. Sterner. “Discounting and distributional considerations in the context of global warming”. Ecological Economics 19. (1996): 169-184.spa
dc.relation.referencesBarro, R. y X. Sala-i-Martin. Economic Growth. Cambridge: Massachusetts, the MIT Press, 1999.spa
dc.relation.referencesBecker, G. y C. Mulligan “The Endogenous Determination of Time Preference”. Quarterly Journal of Economics 112. (1997): 729-758.spa
dc.relation.referencesBohm-Bawerk, E. The Positive Theory of Capital.spa
dc.relation.referencesSouth Holland: Libertian Press, 1959.Caplin, A. y J. Leahy. The Social Discount Rate. Discussion Paper.137 (2001). Institute for Empirical Macroeconomics. Federal Reserve Bank of Minneapolis. January.spa
dc.relation.referencesCline, W. “Discounting for the Very Long Term”. Portney, P. Weyant, J. (ed.) Discounting and Intergenerational Equity. Washington: Resources For the Future, 1999.spa
dc.relation.referencesCorrea, F. Evaluación económica de impactos ambientales: una guía metodológica para la determinación de la tasa social de descuento. Medellín: Editorial Universidad de Medellín, 2007.spa
dc.relation.referencesCropper, M., et al. “Discounting Human Lives”. American Journal of Agricultural Economics 73. (1999): 1410-1415.spa
dc.relation.referencesCropper, M. y D. Laibson. “The Implications of Hyperbolic Discounting for Project Evaluation”. Portney, P., Weyant, J. (ed.) Discounting and Intergenerational Equity. Washington: Resources for the Future, 1999.spa
dc.relation.referencesCruz, S. y M. Muñoz. “Some Considerations on the Social Discount Rate”. Environmental Science & Policy 8. (2005): 343-355.spa
dc.relation.referencesDasgupta, P. “Resource Depletion, Research and Development and the Social Rate of Discount”. Lind, R. (ed.), Discounting for time and risk in energy policy. Baltimore: John Hopkins Press, 1982.spa
dc.relation.referencesDasgupta, P. Human Well Being and the Natural Environment. London: Oxford University Press, 2001.spa
dc.relation.referencesDiamond, P. “The Evaluation of Infinite Utility Streams”. Econometrica 22. (1965): 170-177.spa
dc.relation.referencesDinwiddy, C. y F. Teal. Principles of Cost-benefit Analysis for Developing Countries. Cambridge: Cambridge University Press, 1996. Edwards, G. La tasa de Descuento en proyectos de largo plazo. Documentos de trabajo, No. 231, Noviembre, Instituto de Economía, Pontificia Universidad Católica de Chile, 2002a.spa
dc.relation.references---. The effect of a Constant or a Declining Discount Rate on Optimal Investment Timing, Documentos de trabajo. 227. Octubre, Instituto de Economía, Pontificia Universidad Católica de Chile, 2002b.spa
dc.relation.referencesElster, J. Sour Grapes: Studies in the suversion of Rationality. Cambridge: Cambridge University Press, 1983.spa
dc.relation.referencesGonzález, J. y A. Pecha. “Tasa de preferencia intertemporal, equilibrio y estabilidad en los modelos de crecimiento neoclásico”. Cuadernos de Economía 32. (2000).spa
dc.relation.referencesHicks, J. Valor y capital. México: Fondo de Cultura Económica, 1989.spa
dc.relation.references---. Métodos de economía dinámica. México: Fondo de Cultura Económica, 1989.spa
dc.relation.referencesIPCC (Intergovernmental Panel of Climate Change). Economic and Social Dimensions of Climate change. Contribution of Working Group III to the Second Assessment Report of the IPCC. Cambridge: Cambridge University Press, 1995.spa
dc.relation.referencesKoopmans, T. “Stationary Ordinal Utility and Impatience”. Econometrica 28. (1960): 287-309.spa
dc.relation.referencesLaibson, D. Hyperbolic Discount Functions, Undersaving, and Savings Policy. Nacional Bureau of Economic Research NBER: Working Paper 5635. (1996).spa
dc.relation.referencesLind, R. (Ed.). Discounting for Time and Risk in Energy Policy. Washington: Resources for the Future, 1982.spa
dc.relation.referencesLoewenstein, G. y T. O´Donoghue. “Time Discounting and Time Preference: A Critical Review”. Journal of Economic Literature XL (2002): 351-401.spa
dc.relation.referencesLoewenstein, G. y D. Prelec. “Anomalies in Intertemporal Choice: Evidence and Interpretation”. Quarterly Journal of Economics 57. (1992): 573-598.spa
dc.relation.referencesMarini, G. y P. Scaranozzino. “Social Time Preference”. Journal of Population Economics 13. 4. (2000): 28- 40.spa
dc.relation.referencesNewell, R. y W. Pizer. “Discounting the distant future: how Much do uncertain rates increase valuations?”. Journal of Enviromental Economics and Management 46. (2003): 52-71.spa
dc.relation.referencesPhelps, E. y R. Pollak. “On Second-Best National Saving and Game Equilibrium Growth”. Review of Economic Studies 35. (1968): 185-199.spa
dc.relation.referencesPortney, P. y J. Weyant. (Ed.) Discounting and Intergenerational Equity. Washington: Resources for the Future, 1999.spa
dc.relation.referencesRamsey, F. “A Mathematical Theory of Saving”. Economic Journal 38. (1928): 543-559.spa
dc.relation.referencesRabl, A. “Discounting of long-term costs: What would future gnerations prefer us to do?” Ecological Economics 17. 3. (1996): 137-145.spa
dc.relation.referencesReinschmidt, K. “Agregate Social Discount Rate Derived from Individual Discount Rates”. Management Science 48. 2. (2002): 207-312.spa
dc.relation.referencesRoelofsma, P. “Anomalies in intertemporal choice”. Acta Psicológica 93. (1996): 1-3.spa
dc.relation.referencesShackle, G. Epistemic and Economics, a critique of economic doctrines. Cambridge: Cambridge University Press, 1972.spa
dc.relation.referencesStrotz, R. “Myopia and Inconsistency in Dynamic Utility Maximization”. Review of Economic Studies 23. (1956): 165-180.spa
dc.relation.referencesVarian, H. Microeconomía Intermedia. (5 Ed.). Barcelona: Antoni Bosch editor-Alfaomega editores, 1999.spa
dc.relation.referencesWeitzman, M. “Gamma Discounting”. American Economic Review 91. 1 (2001): 261-271.spa
dc.identifier.eissn23898844
dc.type.driverinfo:eu-repo/semantics/article


Ficheros en el ítem

Thumbnail

Este ítem aparece en la(s) siguiente(s) colección(ones)

Mostrar el registro sencillo del ítem