Arbeitspapier
The Hartwick rule: Myths and facts
We consider the Hartwick rule for capital accumulation and resource depletion, provide semantic clarifications and investigate whether this rule indicates sustainability and requires substitutability between manmade and natural capital. In addition to shedding light on the meaning of the Hartwick rule by reviewing established results, we establish the following novel finding: The value of net investments being negative does not imply that utility is unsustainable. Throughout we make the assumption of a constant technology, without which the Hartwick rule does not apply.
- Sprache
-
Englisch
- Erschienen in
-
Series: Memorandum ; No. 2000,11
- Klassifikation
-
Wirtschaft
Sustainable Development
- Thema
-
Hartwick rule
natural resources
sustainability
Erschöpfbare Ressourcen
Ressourcenökonomik
Intertemporale Allokation
Investition
Nachhaltige Entwicklung
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Asheim, Geir B.
Buchholz, Wolfgang
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Oslo, Department of Economics
- (wo)
-
Oslo
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Asheim, Geir B.
- Buchholz, Wolfgang
- University of Oslo, Department of Economics
Entstanden
- 2000
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