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Rapacious resource depletion, excessive investment and insecure property rights
Ploeg, Frederick van der - 2010
; Hartwick rule ; capital ; sustainable consumption ; fractionalization ; seepage ; insecure property rights ; differential game … with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about …
Persistent link: https://www.econbiz.de/10003942714
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Rapacious resource depletion, excessive investment and insecure property rights
Ploeg, Frederick van der - 2009
Persistent link: https://www.econbiz.de/10003846272
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Challenges of wealth-based sustainability metrics : a critical appraisal
McLaughlin, Eoin; Ducoing, Cristián; Hanley, Nick - 2024
There has been widespread debate about whether the way in which we measure economic activity is fit for purpose in the twenty-first century. One aspect of this debate is to move away from measuring a nation's income (GDP) towards monitoring a nation's assets (their inclusive wealth), as a better...
Persistent link: https://www.econbiz.de/10014502348
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Green accounting, institutional quality and investment decisions : macroeconomic implications from an analysis of the oil and mining sector
Stöver, Jana - 2016
physical and natural capital. Since these two types of capital are used jointly in the industry's production process, the firms … face a dual investment decision, whereby they have to decide on the investment into both types of capital simultaneously … then shown that the form of capital aggregation in national accounting can lead to an underestimation of the effect of …
Persistent link: https://www.econbiz.de/10011419424
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Why do many resource-rich countries have negative genuine saving? : anticipation of better times or rapacious rent seeking
Ploeg, Frederick van der - 2008
Persistent link: https://www.econbiz.de/10003785851
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Why do many resource-rich countries have negative genuine saving? : anticipation of better times or rapacious rent seeking
Ploeg, Frederick van der - 2008
Persistent link: https://www.econbiz.de/10003846241
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Rent taxation for nonrenewable resources
Lund, Diderik - 2009
The literature on taxation of rents from nonrenewable resources uses different theoretical assumptions and methods and a variety of empirical observations to arrive at widely diverging conclusions. Many studies use models and methods which disregard uncertainty, investigating distortionary...
Persistent link: https://www.econbiz.de/10003791130
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Maximin-optimal sustainable growth with nonrenewable resource and externalities
Bazhanov, Andrei V. - 2008
I offer an approach linking a welfare criterion to the “sustainable development opportunities” of the economy. This implies a dependence of a criterion on the information about the current state. I consider the problem for the Dasgupta-Heal-Solow-Stiglitz model with externalities. The...
Persistent link: https://www.econbiz.de/10011523577
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A constant-utility criterion linked to an imperfect economy affected by irreversible global warming
Bazhanov, Andrei V. - 2009
The question of formulation of a social planner criterion for an imperfect economy is examined using an example of a polluting economy negatively affected by growing temperature. Imperfection of the economy is expressed here in deviations from the optimal initial state. It is shown that a...
Persistent link: https://www.econbiz.de/10011523654
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The effects of natural resource extraction on household expenditure patterns : evidence from Mongolia
Narantungalag, Odmaa - 2022
This paper investigates the economic impacts of the mining sector on household expenditures. Employing the difference-in-differences model and the Mongolia Household Socio-Economic Survey data from 2008 to 2016, I find that the mining activities benefited local residents. Specifically, mining...
Persistent link: https://www.econbiz.de/10013173111