Equitable and sustainable territorial development: territorially particularized discount rates in the evaluation of infrastructure projects with intergenerational effects.

Abstract

This paper studies possibilities for achieving equitable and sustainable territorial development, according to the statement of the Brundtland Principle of Sustainable Development (PDS-B), in the materialization of real investment projects with long-term environmental effects that affect future generations, as is the case with infrastructure projects. To achieve this objective, new concepts applicable to the economic analysis of these projects are established and, through macroeconomic indicators, environmental discount rates are set for various countries grouped according to the wealth degree established by the World Bank. The discount rates obtained are compared with other rates proposed for some countries. Finally, the work done is commented, showing characteristics, critical points, restrictions in its application and aspects susceptible to complementary investigations.