We examine the effects of international trade on the paths of investment which maintain consumption constant over time in each country, each of which produces an essential exhaustible resource such as oil. For countries identical except for the sizes of their oil stocks, the investing of own oil...

The author considers the concepts of aggregate capital value arising in R. M. Solow's constant consumption model. For a traditional concept, he establishes consumption as interest on wealth in the sense of the interest flow being the vector product of weighted current values of capital stocks...