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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Memorandum ; No. 2000,11
- Classification
-
Wirtschaft
Sustainable Development
- Subject
-
Hartwick rule
natural resources
sustainability
Erschöpfbare Ressourcen
Ressourcenökonomik
Intertemporale Allokation
Investition
Nachhaltige Entwicklung
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Asheim, Geir B.
Buchholz, Wolfgang
- Event
-
Veröffentlichung
- (who)
-
University of Oslo, Department of Economics
- (where)
-
Oslo
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Asheim, Geir B.
- Buchholz, Wolfgang
- University of Oslo, Department of Economics
Time of origin
- 2000
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