Sustainability in Small Open Economies Under Uncertainty

We have analysed the impact of price and other uncertainties on Hartwick's rule. It is well known, by the rule that the consumption level for a source exporting small open economy is kept constant over time as far as the economy extracts the resource competitively under given world price and invests abroad the Hotelling rent of extraction to receive investment earnings.

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Year of publication:	1997-04
Authors:	Katayama, Seiichi ; Ohta, Hiroshi
Institutions:	Research Institute for Economics and Business Administration, Kobe University
Subject:	International investments \| Environment \| Economic development

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Series:	Discussion Paper Series. - ISSN 1345-2207.
Type of publication:	Book / Working Paper
Notes:	Number 78 19 pages
Classification:	F21 - International Investment; Long-Term Capital Movements ; Q38 - Government Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005650714