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? Hamilton, Ruta, and Tajibaeva use time series data on investments and rents on exhaustible resource extraction for 70 countries to answe...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2005]
|
| Schriftenreihe: | Policy research working paper
3480 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 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 |
| Beschreibung: | 1 Online-Ressource |
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| index_date | 2024-07-03T22:27:48Z |
| indexdate | 2024-07-10T09:54:32Z |
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| language | English |
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| series2 | Policy research working paper |
| spelling | Hamilton, Kirk 1951- Verfasser aut Capital accumulation and resource depletion a Hartwick Rule counterfactual Kirk Hamilton, Giovanni Ruta, and Liaila Tajibaeva [Washington, D.C] World Bank [2005] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3480 Includes bibliographical references Title from PDF file as viewed on 1/10/2005 "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 Online-Ausg Also available in print Nonrenewable natural resources Developing countries Case studies Public investments Developing countries Case studies World Bank Sonstige oth Hamilton, Kirk Capital accumulation and resource depletion http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3480 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Hamilton, Kirk 1951- Capital accumulation and resource depletion a Hartwick Rule counterfactual Nonrenewable natural resources Developing countries Case studies Public investments Developing countries Case studies |
| title | Capital accumulation and resource depletion a Hartwick Rule counterfactual |
| title_auth | Capital accumulation and resource depletion a Hartwick Rule counterfactual |
| title_exact_search | Capital accumulation and resource depletion a Hartwick Rule counterfactual |
| title_exact_search_txtP | Capital accumulation and resource depletion a Hartwick Rule counterfactual |
| title_full | Capital accumulation and resource depletion a Hartwick Rule counterfactual Kirk Hamilton, Giovanni Ruta, and Liaila Tajibaeva |
| title_fullStr | Capital accumulation and resource depletion a Hartwick Rule counterfactual Kirk Hamilton, Giovanni Ruta, and Liaila Tajibaeva |
| title_full_unstemmed | Capital accumulation and resource depletion a Hartwick Rule counterfactual Kirk Hamilton, Giovanni Ruta, and Liaila Tajibaeva |
| title_short | Capital accumulation and resource depletion |
| title_sort | capital accumulation and resource depletion a hartwick rule counterfactual |
| title_sub | a Hartwick Rule counterfactual |
| topic | Nonrenewable natural resources Developing countries Case studies Public investments Developing countries Case studies |
| topic_facet | Nonrenewable natural resources Developing countries Case studies Public investments Developing countries Case studies |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3480 |
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