"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? Hamilton, Ruta, and Tajibaeva use time series data on investments and rents on exhaustible resource extraction for 70 countries to answe...

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Bibliographische Detailangaben

1. Verfasser:	Hamilton, Kirk 1951- (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	[Washington, D.C] World Bank 2005
Schriftenreihe:	Policy research working paper 3480
Schlagworte:	Entwicklungsländer Nonrenewable natural resources > Developing countries > Case studies Public investments > Developing countries > Case studies Fallstudiensammlung
Online-Zugang:	Volltext
Zusammenfassung:	"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? Hamilton, Ruta, and Tajibaeva use time series data on investments and rents on exhaustible resource extraction for 70 countries to answer this question. The results are striking: Gabon, Trinidad and Tobago, and Venezuela would all be as wealthy as the Republic of Korea, while Nigeria would be five times as well off as it is currently. The authors also derive a more general rule for sustainability--maintain positive constant genuine investment--and use this to draw further empirical results. This paper--a product of the Environment Department--is part of a larger effort in the department to foster sustainable development"--World Bank web site
Beschreibung:	Includes bibliographical references. - Title from PDF file as viewed on 1/10/2005 Erscheinungsjahr in Vorlageform:[2005] Weitere Ausgabe: Hamilton, Kirk : Capital accumulation and resource depletion
Beschreibung:	1 Online-Ressource (16 Seiten)