@article{Bajwa:284462,
      recid = {284462},
      author = {Bajwa, Rajinder},
      title = {The Discount Rate: A Review of Opposing Viewpoint},
      address = {1975-08},
      number = {2179-2019-1000},
      pages = {12},
      year = {1975},
      abstract = {The discount rate as an imposed or calculated rate of  future returns to capital investment is a critical factor  in the economic evaluation of proposed as well as private  investment projects. For example, a government project that  promises substantial net benefits when evaluated at a rate  of 5 percent may well appear wasteful if the rate is even  marginally greater, say 5 1/8 percent. At stake in  determining the appropriate discount rate is the efficient  allocation of resources between private and public sectors  of the economy. The discount rate suggests which projects  should be undertaken, and thus the proportion of the  economy's activity that should be undertaken, by public  agencies as opposed to the proportion that should remain in  the private sector. So it is vital to understand what  determines an 'appropriate' discount rate.},
      url = {http://ageconsearch.umn.edu/record/284462},
      doi = {https://doi.org/10.22004/ag.econ.284462},
}