Capital Accumulation and Resource Depletion: A Hartwick Rule Counterfactual
نویسندگان
چکیده
منابع مشابه
The Hartwick Rule: Myths and Facts
We shed light on the Hartwick rule for capital accumulation and resource depletion by providing semantic clarifications and investigating the implications and relevance of this rule. We extend earlier results by establishing that the Hartwick rule does not indicate sustainability and does not require substitutability between man-made and natural capital. We use a new class of simple counterexam...
متن کاملThe Hartwick Rule : Myths and Facts ∗ GEIR
We shed light on the Hartwick rule for capital accumulation and resource depletion by providing semantic clarifications and investigating the implications and relevance of this rule. We extend earlier results by establishing that the Hartwick rule does not indicate sustainability and does not require substitutability between man-made and natural capital. We use a new class of simple counterexam...
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ژورنال
عنوان ژورنال: Environmental and Resource Economics
سال: 2006
ISSN: 0924-6460,1573-1502
DOI: 10.1007/s10640-006-0011-2