IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-01653-2_5.html
   My bibliography  Save this book chapter

Professor Arrow on the Social Discount Rate

In: Project Evaluation

Author

Listed:
  • Arnold C. Harberger

    (University of Chicago)

Abstract

In this section I briefly sketch an alternative conceptual framework for measuring the social rate of discount. In it, the discount rate is obtained by tracing through the effects of additional government borrowing on various classes of investment and saving. The resulting figure for the social rate of discount is a weighted average of the marginal rates of productivity of capital in the various sectors from which investment is displaced and of the marginal rates of time preference applicable to the various groups (if any) whose saving is stimulated (through higher interest rates) by the additional government borrowing.

Suggested Citation

  • Arnold C. Harberger, 1972. "Professor Arrow on the Social Discount Rate," Palgrave Macmillan Books, in: Project Evaluation, chapter 0, pages 123-131, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01653-2_5
    DOI: 10.1007/978-1-349-01653-2_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Raúl Castro & Jorge Armando Rueda Gallardo, 2020. "Estimación Empírica de la Tasa Social de Descuento Estudio de Caso Bolivia," Documentos CEDE 18020, Universidad de los Andes, Facultad de Economía, CEDE.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-01653-2_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.