Investing Exhaustible Resource Rents and the Path of Consumption

We set out dollar-valued net national product for an economy with a wasting essential stock (oil deposit). We take up 'maintaining capital intact' and locally unchanging consumption. The percentage change in 'net investment' or 'genuine savings,' relative to the market rate of interest, denotes whether current consumption is rising, constant, or declining

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Year of publication:	2005
Authors:	Hamilton, Kirk ; Hartwick, John M.
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Erschöpfbare Ressourcen \| Exhaustible resources \| Ökonomische Rente \| Economic rent \| Ressourcenökonomik \| Resource economics \| Investition \| Investment

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Canadian Journal of Economics, Vol. 38, No. 2, pp. 615-621, May 2005
Classification:	O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; Q28 - Government Policy ; F0 - International Economics. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014065909