Conference: Discount Rates for the Evaluation of Public Private Partnerships


John Deutsch Institute

October 2-3, 2008


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Conference Schedule

Thursday, October 2, 2008
Location: University Club (168 Stuart Street, Queen's University)

17:30 - 18:30     Registration and Reception

18:30    Welcome and Dinner
                     

        Opening Remarks
        Glenn Jenkins (Queen's University and Eastern Mediterranean University, Cyprus)

        "Overview of the Issues in the Determination of the Economic Discount Rate"
        Arnold Harberger (University of California, Los Angeles)

                       



Friday, October 3, 2008
Location: Hand-Purvis Conference Room, Second Floor, Dunning Hall, Queen's University

08:00 - 08:30     Registration -- Continental Breakfast

08:30 - 10:00     Session I: Discount Rates for PPP: Overview of Theory and Practice
                        Chair: Frank Milne (Queen's University)

        "PPPs, the Public Sector Comparator, and Discount Rates: Key Issues"
        Christopher Shugart (Private Consultant, United Kingdom)

        "Time Preference, the Cost of Capital and PPPs"
        Michael Spackman (NERA Economic Consulting, London, United Kingdom)

10:00 - 10:30     Health Break

10:30 - 12:00     Session II: Theoretical Approaches to the Discounting of Benefits and Costs
                        Chair: Dr. Rosalind Thomas (John Hopkins University)

        "Removing Some Dissonance from the Social Discount Rate Debate"
        David Burgess (University of Western Ontario)

        "The New (but Old) Approach to the Economic Opportunity Cost of Capital"
        Graham Glenday (Duke University)

12:00 - 13:00     Lunch

13:00 - 14:45     Session III: Estimation of Discount Rates in Canada
                        Chair: Finn Poschmann (CD Howe Institute)

        "Social Discount Rates for Canada"
        Anthony Boardman (University of British Columbia), Mark Moore (Simon Fraser University), and Aidan Vining (Simon Fraser University)

        "Risk-Adjusted Discount Rates for Public Sector Investments"
        Donald Brean (University of Toronto) and David Burgess (University of Western Ontario)

        "The Economic Opportunity Cost of Capital for Canada -- An Empirical Update"
        Chun-Yan Kuo and Glenn Jenkins (Queen's University)

14:45 - 15:00     Health Break

15:00 - 16:30     Session IV: Roundtable Discussion: The Path to Best Practice
                        Chair: David Burgess (University of Western Ontario)

        Arnold Harberger (University of California, Los Angeles)

        Glenn Jenkins (Queen's University and Eastern Mediterranean University, Cyprus)

        Christopher Shugart (Private Consultant, United Kingdom)

        Michael Spackman (NERA Economic Consulting, London, United Kingdom)

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Conference Information

Conference to be held in Dunning Hall, Hand-Purvis Conference Room, Second Floor, Queen's University (which is at the corner of University and Union Streets).

Conference registration fee is $200.00*, plus GST, payable to the John Deutsch Institute (GST Registration #R107868705). Registration is limited so please register early.

*A special rate will apply for academics.

Please make cheque payable to the John Deutsch Institute and mail to: Sharon Sullivan, John Deutsch Institute, Queen's University, Dunning Hall, Room 216, Kingston, Ontario, K7L 3N6. Payment by cheque only, please.


Accommodation

A block of rooms has been reserved at the Holiday Inn Kingston Waterfront, 2 Princess Street, for the night of Thursday, October 2 at a special conference rate of $155.00 per night, plus taxes. A few rooms are block booked for Friday, October 3 at a rate of $175.00 per night, plus taxes. Reservations can be made directly by calling the Holiday Inn at 1-800-465-4329 or 1-613-549-8400, ext. 2660 and say that you are booking under the Block of Rooms "John Deutsch Institute Conference". The block of rooms will be available until September 12th, so please book your room as soon as possible.

Conference Organizers

Glenn Jenkins, Department of Economics, Queen's University
e-mail: gpjenkins@usa.net

David Burgess, Department of Economics, University of Western Ontario
Phone: (519) 661-3500
e-mail: dburgess@uwo.ca

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Registration

*** Click HERE to register online. ***

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For further information please contact Sharon Sullivan.

Phone: (613) 533-2294; Fax: (613) 533-6025
E-mail: sullivas@econ.queensu.ca