Constant Consumption and the Economic Depreciation of Natural Capital: The Nonautonomous Case

We investigate economic depreciation of natural capital for cases of nonstationary output prices, technology, and interest rates. For the former two cases (exogenous movements in prices and technology), constant consumption emerges under a strategy of investing to cover off economic depreciation. Th... Ausführliche Beschreibung

1. Person: Hartwick, John M.
Weitere Personen: Van Long, Ngo verfasserin
Quelle: in International economic review Vol. 40, No. 1 (1999), p. 53-62
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Format: Online-Artikel
Sprache: English
Veröffentlicht: 1999
Beschreibung: Online-Ressource
Schlagworte: research-article
Online Zugang: Volltext
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Anmerkung: Copyright: Copyright 1999 Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association
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