Intergenerational Equity and the Investing of Rents from Exhaustible Resources
AbstractIn an aggregate model where the single output is produced from the services of reproducible capital, the flows of minerals extracted from a resource stock of finite dimension, and labour, it is shown that among efficient paths, the one with current savings-investment equal to current rents from mineral usage has constant per capita consumption over time.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 220.
Date of creation: 1976
Date of revision:
Other versions of this item:
- Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-74, December.
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