Arbeitspapier
Constant savings rates and quasi-arithmetic population growth under exhaustible resource constraints
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Memorandum ; No. 2005,23
- Klassifikation
-
Wirtschaft
Economic Development: General
Exhaustible Resources and Economic Development
- Thema
-
Constant savings rate
quasi-arithmetic population growth
Sparquote
Bevölkerungswachstum
Kapitalbilanz
Natürliche Ressourcen
Wachstumstheorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Asheim, Geir B.
Buchholz, Wolfgang
Hartwick, John M.
Mitra, Tapan
Withagen, Cees
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Oslo, Department of Economics
- (wo)
-
Oslo
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Asheim, Geir B.
- Buchholz, Wolfgang
- Hartwick, John M.
- Mitra, Tapan
- Withagen, Cees
- University of Oslo, Department of Economics
Entstanden
- 2005
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