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The Hartwick Rule: Myths and Facts

Asheim, Geir B., Buchholz, Wolfgang and Withagen, Cees (2003) The Hartwick Rule: Myths and Facts. Environmental and Resource Economics 25 (2), pp. 129-150.

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Abstract

We shed light on the Hartwick rule for capital accumulation and resource depletion by providing semantic clarifications and investigating the implications and relevance of this rule. We extend earlier results by establishing that the Hartwick rule does not indicate sustainability and does not require substitutability between man-made and naturalcapital. We use a new class of simple ...

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Item type:Article
Date:2003
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Finanzwissenschaft, insbesondere Umweltökonomie (Prof. Dr. Wolfgang Buchholz)
Identification Number:
ValueType
10.1023/A:1023909217989DOI
Keywords:natural resources; sustainability; the Hartwick rule
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Unknown
Created at the University of Regensburg:Unknown
Item ID:5382
Owner only: item control page

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