The present paper generalizes the Weitzman-Hartwick approach to national income accounting. The authors first establish a close general relation between the current value Hamiltonian of an optimal control problem and the optimal value of the objective integral if the time argument does not enter...

The model developed by Devarajan and Go [Devarajan S., & Go S. (1998). The simplest dynamic general-equilibrium model of an open economy. Journal of Policy Modeling, 20(6), 677-714] presents the simplest possible general-equilibrium model of an open economy in which producers' and consumers'...