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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The Discount Rate for Public Sector Conservation Projects in South Africa
Author:Du Preez, Mario
Periodical:African Development Review
Geographic term:South Africa
Subjects:natural resource management
water management
public sector
Development and Technology
Economics and Trade
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1017-6772.2004.00100.x/pdf
Abstract:South Africa, in an attempt to reduce unemployment and alleviate poverty, has implemented a number of public sector conservation projects: the largest one being the Working for Water Programme (WfWP). The WfWP entails the removal of high water-consuming alien vegetation and restoring of low water-consuming indigenous vegetation. Sound economic decisionmaking regarding the economic feasibility of these public sector conservation projects requires that they be subjected to economic assessment in the form of cost-benefit analysis. One aspect of cost-benefit analysis, which is often neglected, is the choice of the social discount rate. This article addresses the issue of what the social discount rate for public sector conservation projects should be and provides an example of how to derive a social discount rate for a public sector conservation project, namely the WfWP. Bibliogr., notes, sum. [Journal abstract, edited]