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Discount Rates and Environmental Conservation

Published online by Cambridge University Press:  24 August 2009

D. R. Helliwell
D. R. Helliwell
Affiliation:
Institute of Terrestrial Ecology, Merlewood Research Station, Grange-over-Sands, Cumbria, England.
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Extract

The use of current money-lending rates as the basis for economic calculations involving long-term assets such as growing timber, agricultural land, or species of wildlife, is unrealistic and can be very damaging to the interests of the environment. An alternative method, using an assessment of risks together with an assessment of the expected ratio of investment: income, is proposed.

Type
Main Papers
Information
Environmental Conservation , Volume 2 , Issue 3 , Autumn 1975 , pp. 199 - 201
Copyright
Copyright © Foundation for Environmental Conservation 1975

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References

Helliwell, D. R. (1974). Discount rates in land-use planning. Forestry, 47(2), pp. 147–52.CrossRefGoogle Scholar
Linstone, H. A. (1973). On discounting the future. Technological Forecasting and Social Change, 4, pp. 335–8.CrossRefGoogle Scholar
McEwan, L. V. (1971). Capital in Scottish agriculture. Scottish Agricultural Economics, 21, pp. 17–24.Google Scholar
Price, C. (1973). To the future: with indifference or concern?—The social discount rate and its implications in land use. J. Agric. Econ., 24, pp. 393–7.CrossRefGoogle Scholar
Sargent, T. J. (1972). Anticipated inflation and the nominal rate of interest. Quarterly Journal of Economics, 86, pp. 212–5.CrossRefGoogle Scholar