The Hartwick Rule: Myths and Facts
The Hartwick Rule: Myths and Facts
复制标题
哈特威克规则:神话与事实
DOI:
10.1023/a:1023909217989
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发表时间:
2000
影响因子:
5.9
通讯作者:
C. Withagen
中科院分区:
文献类型:
--
作者:
G. Asheim;W. Buchholz;C. Withagen
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 doesnotindicate sustainability and doesnotrequire substitutability between man-made and natural capital. We use a new class of simple counterexamples (1) to obtain the novel finding that a negative value of net investments need not entail that utility is unsustainable, and (2) to point out deficiencies in the literature.