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| Author: | Asheim, G. B. Buchholz, W. Withagen, C. |
| Title: | The Hartwick rule: myths and facts |
| Journal: | Environmental and Resource Economics
2003 : JUN, VOL. 25:2, p. 129-150 |
| Index terms: | Environmental economics Natural resources Econometric models |
| Language: | eng |
| Abstract: | The authors shed light on the Hartwick rule for capital accumulation and resource depletion by providing remantic clarification and investigating the implications and relevance of this rule. They use a new class of simple counterexamples to obtain the novel finding that a negative value of net investments need not entail that utility is unsustainable, and to point out deficiencies in the literature. |
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