Constant savings rates and quasi-arithmetic population growth under exhaustible resource constraints

Arbeitspapier

In the Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion we show the following equivalence: If an efficient path has constant (gross and net of population growth) savings rates, then population growth must be quasi-arithmetic and the path is a maximin or a classical utilitarian optimum. Conversely, if a path is optimal according to maximin or classical utilitarianism (with constant elasticity of marginal utility) under quasiarithmetic population growth, then the (gross and net of population growth) savings rates converge asymptotically to constants.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 1573

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Agriculture: General ; Exhaustible Resources and Economic Development
• Thema: constant savings rate ; quasi-arithmetic population growth ; Sparquote ; Bevölkerungswachstum ; Kapitalbilanz ; Natürliche Ressourcen ; Wachstumstheorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Asheim, Geir B. ; Buchholz, Wolfgang ; Hartwick, John M. ; Mitra, Tapan ; Withagen, Cees A.
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and ifo Institute (CESifo)
• (wo): Munich
• (wann): 2005

Weitere Informationen

• Handle: http://hdl.handle.net/10419/19037
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ