Empleo, desempleo y salario real: análisis del mercado laboral de la ciudad de Medellín (1995-2006)
The main purpose of this article is to describe and apply a methodology to estimate the discount rate on long-term projects, such as those related to environmental conservation and global climate change, for Colombia. The applied methodology is known as gamma discount. For the application of this me...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universidad de Antioquia
2008-12-01
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| Series: | Lecturas de Economía |
| Online Access: | http://aprendeenlinea.udea.edu.co/revistas/index.php/lecturasdeeconomia/article/view/737/634 |
| Summary: | The main purpose of this article is to describe and apply a methodology to estimate the discount rate on long-term projects, such as those related to environmental conservation and global climate change, for Colombia. The applied methodology is known as gamma discount. For the application of this method, a survey of 120 Colombian economists was conducted. This yielded a much smaller discount rate than the social rate of discount typically used in the economic evaluation of domestic long-term projects. Additionally, the obtained estimations allow verifying the decline in time of such a discount rate. |
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| ISSN: | 0120-2596 2323-0622 |