Intergenerational Equity and the Investing of Rents from Exhaustible
30-Jan-2007 John M. Hartwick. The American Economic Review Vol. 67
Intergenerational Equity and the Investing of Rents from Exhaustible
By JOHN M. HARTWICK*. Invest all profits or rents from 5 HARTWICK: INTERGENERATIONAL EQUITY 973 ... 974 THE AMERICAN ECONOMIC REVIEW DECEMBER 1977.
The Hartwick rule and the characterization of constant consumption
Hartwick (1977) argued that the Hartwick investment rule which consists in investing the rents from the resource use in reproducible capital
World Bank Document
Hartwick Rule (Hartwick 1977) offers what Solow (1986) termed a 'rule of thumb' for sustainability in exhaustible resource economies – a maximal constant
The Hartwick Rule: Myths and Facts
consumption for all generations and Hartwick (1977) seemed to have found the investment policy that would bring about sustainability.
Chapter 2: Sustainability
and Hartwick; 1977 1978a
The Hartwick rule: Myths and facts
16-Mar-2000 Hartwick (1977) showed that given the Hotelling rule as condition for local efficiency
Population Growth Costly Innovation and Modified Hartwicks Rule
(See Hartwick [1977 1978a
Intergenerational Equity and the Investing of Rents from Exhaustible
02-May-2016 Author(s): John M. Hartwick. Source: The American Economic Review Vol. 67
The Changing Wealth of Nations 2021
principle is known as Hartwick's rule (Hartwick 1977). Lower-income countries often have scarce human and productive capital (Collier et al. 2010).
Capital Accumulation and Resource Depletion: A Hartwick Rule
Hartwick Rule (Hartwick 1977) offers what Solow (1986) termed a ‘rule of thumb’ for sustainability in exhaustible resource economies – a maximal constant level of consumption can be sustained if the value of investment equals the value of rents on extracted resources at each point in time
Hartwick's Rule in Open Economies - JSTOR
Hartwick's rule in open economies GEIR B ASHEIM Norwegian School of Economics and Business Administration Abstract To sustain constant consumption the Hartwick rule prescribes reinvesting all resource rents in reproducible capital This paper shows that the rule does not apply to
CHAPTER 8 THE HARTWICK RULE: MYTHS AND FACTS - Springer
The ambiguous status of the Hartwick rule has led to false beliefs concerning the content of the rule There are two myths on the Hartwick rule that are pertinent in the literature Myth 1: The Hartwick rule indicates sustainability This myth was already suggested by Hartwick (1977 pp 973–974) himself when
The Hartwick rule and the characterization of constant
The Hartwick result (Hartwick 1977) requires a) the Hotelling local e?-ciency rule5 and b) the Hartwick investment rule Under these two conditions Hartwick proved that the consumption is constant (without specifying if it is positive or not) Can the Hartwick investment rule be used as a sustainability indicator? If
Interpreting Sustainability in Economic Terms: Dynamic
May 14 2002 · economy that can be made sustainable has been formalized by Hartwick (1977) in which there exists the possibility of turning exhaustible resources into capital stock a particular type of intergenerational transfer If the Hartwick rule of investing all rents from exhaustible resources in
The Hartwick rule as a conservation law - ResearchGate
Hartwick (1977) shows thatin the Dasgupta-Heal-Solow model (Dasgupta & Heal 1974; Solow 1974) this is possiblealong competitive paths provided that net investment in man-made capital and
Discounting for Long-Lived Water Resource Investments
Apr 21 2014 · Hartwick (1977) was responsible for some of the more influential research on this subject He formulated the so called “Hartwick Rule” linking economic growth with weak sustainability Under the Hartwick Rule the gains that society enjoys from current depletion of an exhaustible resource must be reinvested in other
Climate Change Development Poverty and Economics - World Bank
constant (Solow 1974; Hartwick 1977) The Hartwick-Solow rule has obvious implications for development policy and the World Bank has been at the forefront of translating it into practical policy advice including through the promotion of resource funds for future generations enhanced green accounting and systems
Searches related to hartwick 1977 filetype:pdf
Hartwick (1977) investigates the specific investment rule for a constant utility path; society invests all rents from exhaustible resources in reproducible capital goods—known as Hartwick’s rule This rule keeps the total value of net invest-ment equal to zero and is shown to be sufficient for a constant utility path Dixit
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