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dc.contributor.authorAsheim, Geir B.en_US
dc.contributor.authorBuchholz, Wolfgangen_US
dc.date.accessioned2012-09-20T13:13:05Z-
dc.date.available2012-09-20T13:13:05Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/63018-
dc.description.abstractWe 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.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum, Department of Economics, University of Oslo 2000,11en_US
dc.subject.jelD9en_US
dc.subject.jelQ01en_US
dc.subject.jelQ3en_US
dc.subject.ddc330en_US
dc.subject.keywordHartwick ruleen_US
dc.subject.keywordnatural resourcesen_US
dc.subject.keywordsustainabilityen_US
dc.subject.stwErschöpfbare Ressourcenen_US
dc.subject.stwRessourcenökonomiken_US
dc.subject.stwIntertemporale Allokationen_US
dc.subject.stwInvestitionen_US
dc.subject.stwNachhaltige Entwicklungen_US
dc.subject.stwTheorieen_US
dc.titleThe Hartwick rule: Myths and factsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn323432875en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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