从形成机理视角谈自然资源价值计算中的贴现率问题

Research on the Discount Rate Used in Calculating the Value of Natural Resources from the Perspective of Formation Mechanism

通过分析贴现率形成的内因与外因、自然资源的特性,说明自然资源价值计算中采用的贴现率水平,然后说明采用较高正值贴现率导致自然资源耗尽速度加快的后果,最后论述了政府调控贴现率的措施,包括自愿克服自私和贪欲的根治措施、公共项目决策和综合环境经济核算中采用零贴现率的强制措施、针对私人项目的货币政策与税收政策的调节措施等。

This paper analyzes the internal causes and external causes on formation of discount rate and the characteristics of natural resources, and explores discount rate level used in calculating the value of natural resources. Then the paper explains consequence of faster exhaust of natural resources which higher positive discount rate lead to. Finally, the paper discusses the government regulation measures on discount rate, including radical measures on voluntarily overcoming selfishness and greed, coercive measures of the zero discount rate using in public project decision-making and integrated environmental economic accounting, regulation measures on money policy and tax policy for the private project.