Capital Accumulation and Resource Depletion : A Hartwick Rule Counterfactual

Capital Accumulation and Resource Depletion : A Hartwick Rule Counterfactual

How rich would resource-abundant countries be if they had actually followed the Hartwick Rule (invest resource rents in other assets) over the past 30 years? The authors use time series data on investments and rents on exhaustible resource extraction for 70 countries to answer this question. The res...

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Bibliographic Details
Main Authors: Hamilton, Kirk, Ruta, Giovanni, Tajibaeva, Liaila
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ASSETS
BASE YEAR
CAPITAL ACCUMULATION
CAPITAL GAINS
CAPITAL STOCK
CAPITAL STOCKS
COAL
COMPETITIVENESS
CONSTANT RETURNS TO SCALE
CONSUMPTION INCREASES
CONSUMPTION LEVELS
COPPER
DEBT
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DEVELOPMENT INDICATORS
DEVELOPMENT POLICY
DUTCH DISEASE
ECONOMIC ANALYSIS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC REFORMS
ELASTICITY
EMPIRICAL WORK
ENVIRONMENTAL ECONOMICS
EXCHANGE RATE
EXCHANGE RATES
EXTERNALITIES
FINANCIAL CRISES
GDP
HISTORICAL DATA
HOUSEHOLDS
HUMAN CAPITAL
INCOME COUNTRIES
INTEREST RATE
MACROECONOMIC MANAGEMENT
METHODOLOGY
NATURAL DISASTERS
NATURAL RESOURCES
NEGATIVE EFFECTS
NICKEL
NOMINAL EXCHANGE RATES
OPEN ECONOMIES
OUTPUT
PER CAPITA INCOME
PETROLEUM
POLICY RESEARCH
POLITICAL ECONOMY
POPULATION GROWTH
PRICE TAKERS
PRODUCTION FUNCTION
PUBLIC INVESTMENT
SILVER
SUSTAINABLE DEVELOPMENT
Online Access:http://documents.worldbank.org/curated/en/2005/01/5595789/capital-accumulation-resources-depletion-hartwick-rule-counterfactual
http://hdl.handle.net/10986/8896

Internet

http://documents.worldbank.org/curated/en/2005/01/5595789/capital-accumulation-resources-depletion-hartwick-rule-counterfactual
http://hdl.handle.net/10986/8896

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