NATURAL-RESOURCES, NATIONAL ACCOUNTING AND ECONOMIC DEPRECIATION

被引:198
作者
HARTWICK, JM
机构
[1] Queen's University, Kingston
关键词
D O I
10.1016/0047-2727(90)90002-Y
中图分类号
F [经济];
学科分类号
02 ;
摘要
The current value Hamiltonian in an aggregate optimal growth problem with heterogeneous capital stocks including exhaustible, renewable and environmental stocks is the NNP function. Routine substitutions reveal that the using up of natural resource stocks is representable as easy-to-interpret economic depreciation magnitudes. We obtain true NNP inclusive of natural resource stock diminution. Implications for actual national accounting practices are also discussed. © 1990.
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页码:291 / 304
页数:14
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