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- Hartwicks_rule abstract "In resource economics, Hartwick's rule defines the amount of investment in produced capital (buildings, roads, knowledge stocks, etc.) that is needed to exactly offset declining stocks of non-renewable resources. This investment is undertaken so that the standard of living does not fall as society moves into the indefinite future. Solow (1974) shows that, given a degree of substitutability between produced capital and natural resources, one way to design a sustainable consumption program for an economy is to accumulate produced capital sufficiently rapidly so that the pinch from the shrinking exhaustible resource stock is precisely countered by the services from the enlarged produced capital stock. Hartwick's rule – often abbreviated as "invest resource rents" - requires that a nation invest all rent earned from exhaustible resources currently extracted, where "rent" is defined along paths that maximize returns to owners of the resource stock. The rule extends to the case of many types of capital goods, including a vector of stocks of natural capital.The difference between total investment in some kinds of capital and total disinvestment in other types of capital has been labelled "genuine savings". Genuine savings has been estimated for many countries by the World Bank and other authors (Hamilton and Atkinson, 2006, chapter 6). A positive value for a nation's genuine savings has been linked to the possibility of long-run economic sustainability.".
- Hartwicks_rule wikiPageID "5567545".
- Hartwicks_rule wikiPageLength "2837".
- Hartwicks_rule wikiPageOutDegree "11".
- Hartwicks_rule wikiPageRevisionID "541686680".
- Hartwicks_rule wikiPageWikiLink Capital_(economics).
- Hartwicks_rule wikiPageWikiLink Category:Non-renewable_resources.
- Hartwicks_rule wikiPageWikiLink Category:Resource_economics.
- Hartwicks_rule wikiPageWikiLink Disinvestment.
- Hartwicks_rule wikiPageWikiLink Investment.
- Hartwicks_rule wikiPageWikiLink Natural_capital.
- Hartwicks_rule wikiPageWikiLink Natural_resource_economics.
- Hartwicks_rule wikiPageWikiLink Non-renewable_resource.
- Hartwicks_rule wikiPageWikiLink Non-renewable_resources.
- Hartwicks_rule wikiPageWikiLink Resource_economics.
- Hartwicks_rule wikiPageWikiLink Robert_Solow.
- Hartwicks_rule wikiPageWikiLink Sustainability.
- Hartwicks_rule wikiPageWikiLink World_Bank.
- Hartwicks_rule wikiPageWikiLinkText "Hartwick's rule".
- Hartwicks_rule hasPhotoCollection Hartwicks_rule.
- Hartwicks_rule subject Category:Non-renewable_resources.
- Hartwicks_rule subject Category:Resource_economics.
- Hartwicks_rule comment "In resource economics, Hartwick's rule defines the amount of investment in produced capital (buildings, roads, knowledge stocks, etc.) that is needed to exactly offset declining stocks of non-renewable resources. This investment is undertaken so that the standard of living does not fall as society moves into the indefinite future.".
- Hartwicks_rule label "Hartwick's rule".
- Hartwicks_rule sameAs Hartwick-Regel.
- Hartwicks_rule sameAs Hartwicki_reegel.
- Hartwicks_rule sameAs Hartwick-szabály.
- Hartwicks_rule sameAs m.0dsy5v.
- Hartwicks_rule sameAs Q378175.
- Hartwicks_rule sameAs Q378175.
- Hartwicks_rule wasDerivedFrom Hartwicks_ruleoldid=541686680.
- Hartwicks_rule isPrimaryTopicOf Hartwicks_rule.