Constant Consumption and the Economic Depreciation of Natural Capital : The Non-Autonomous Case

We investigate economic depreciation of natural capital for cases of non-stationary 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. The interest rate case requires a modified sinking fund strategy

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Year of publication:	1998
Authors:	Van Long, Ngo ; Hartwick, John M.
Publisher:	[S.l.] : SSRN
Subject:	Ressourcenökonomik \| Resource economics \| Nachhaltige Entwicklung \| Sustainable development \| Umweltökonomik \| Environmental economics \| Kapitaltheorie \| Capital theory
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 1996 erstellt Volltext nicht verfügbar
Classification:	E21 - Consumption; Saving ; E22 - Capital; Investment (including Inventories); Capacity ; Q20 - Renewable Resources and Conservation; Environmental Management. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014094254