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Forestry 1974 47(2):147-152; doi:10.1093/forestry/47.2.147
© 1974 by Institute of Chartered Foresters
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Discount Rates in Land-use Planning

D. R. HELLIWELL

Institute of Terrestrial Ecology, Merlewood Research Station Grange-over-Sands, Lancashire, England

It is suggested that discounting procedures employing rates similar to the current bank rate are not appropriate in forest planning, and that much lower discount rates should be used, together with an assessment of the ratio of expected income to capital investment.


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