Investing Returns from Depleting Renewable Resource Stocks and Intergenerational Equity

John Hartwick

Working Paper from Economics Department, Queen's University

Abstract: We demonstrate the following result: if along dynamically efficient development paths, the net current value of the diminution in natural resources stocks, renewable and non-renewable, is invested in reproducible capital, per capita consumption will remain constant over time in a world of unchanging technology and population. This is an extension of an earlier proposition covering only non-renewable or exhaustible resources.

Pages: 9
Date: 1978
References: Add references at CitEc
Citations: View citations in EconPapers (30)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Investing returns from depleting renewable resource stocks and intergenerational equity (1978)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:294

Access Statistics for this paper

More papers in Working Paper from Economics Department, Queen's University Contact information at EDIRC.
Bibliographic data for series maintained by Mark Babcock (babcockm@queensu.ca).