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dc.contributor.authorAsheim, Geir B.en
dc.contributor.authorBuchholz, Wolfgangen
dc.date.accessioned2012-09-20T13:13:05Z-
dc.date.available2012-09-20T13:13:05Z-
dc.date.issued2000-
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
dc.language.isoengen
dc.publisher|aUniversity of Oslo, Department of Economics |cOsloen
dc.relation.ispartofseries|aMemorandum |x2000,11en
dc.subject.jelD9en
dc.subject.jelQ01en
dc.subject.jelQ3en
dc.subject.ddc330en
dc.subject.keywordHartwick ruleen
dc.subject.keywordnatural resourcesen
dc.subject.keywordsustainabilityen
dc.subject.stwErschöpfbare Ressourcenen
dc.subject.stwRessourcenökonomiken
dc.subject.stwIntertemporale Allokationen
dc.subject.stwInvestitionen
dc.subject.stwNachhaltige Entwicklungen
dc.subject.stwTheorieen
dc.titleThe Hartwick rule: Myths and facts-
dc.typeWorking Paperen
dc.identifier.ppn323432875en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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