On the sustainable program in Solow's model

Cees Withagen, Geir Asheim and Wolfgang Buchholz ()

No 33/2002, Memorandum from Oslo University, Department of Economics

Abstract: We show that our general result (Withagen and Asheim [8]) on the converse of Hartwick’s rule also applies for the special case of Solow’s model with one capital good and one exhaustible resource. Hence, the criticism by Cairns and Yang [1] of our paper is unfounded.

Keywords: Sustainabiliy; maximin path; Harwick’s rule (search for similar items in EconPapers)
JEL-codes: D63 Q01 Q32 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2003-06-19
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Citations: View citations in EconPapers (4)

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