This note offers a general proof of the converse of Hartwick's rule, namely thatin an economy with stationary instantaneous preferences and a stationary technologyan efficient constant utility path is characterized by the value of net investments being zero at each point in time. In a one consumptio
Sustainable development, the Hartwick rule and optimal growth
β Scribed by Kirk Hamilton
- Publisher
- Springer
- Year
- 1995
- Tongue
- English
- Weight
- 858 KB
- Volume
- 5
- Category
- Article
- ISSN
- 0924-6460
No coin nor oath required. For personal study only.
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