trajectories of genuine saving and its component linked to natural capital. To this end, we calculate New-Caledonia's genuine …-Caledonian economy doesn't show vulnerability signs insofar as the appreciation of assets linked to physical and human capital more than … compensated the depreciation of assets linked to natural capital between 1970 and 2007. However, the analysis of the various …

This paper studies the maximin paths of the canonical Dasgupta-Heal-Solow model when the stock of natural capital is a … elasticity of substitution between consumption and natural capital, we show taht it is optimal to preserve forever a critical … level of natural capital, determined endogeneously. We then study how technical progress affects the optimal maximin paths …

of natural capital is a direct argument of well-being, besides consumption. We use a Keynes-Ramsey rule wich yields a … show that, in the Cobb-Douglas case, the ratio of the values of the resource and capital stocks remains constant along the …