Hamilton, Kirk; Ruta, Giovanni; Tajibaeva, Liaila - In: Environmental & Resource Economics 34 (2006) 4, pp. 517-533
How much produced capital would resource-abundant countries have today if they had actually followed the Hartwick Rule (invest resource rents in other assets) over the last 30 years? We employ time series data on investment and rents on exhaustible resource extraction for 70 countries to answer...