Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/189097
Authors: 
Hartwick, John M.
Year of Publication: 
1990
Series/Report no.: 
Queen's Economics Department Working Paper 771
Abstract: 
The current value Hamiltonian in an aggregate optimal growth problem with heterogeneous capital stocks including exhaustible, renewable and environmental stocks is the NNP function. Routine substitutions reveal that the using up of natural resource stocks is representable as an easy-to-interpret economic depreciation magnitudes. We obtain true NNP inclusive of natural resource stock diminution.
Document Type: 
Working Paper
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