Open AccessON THE SUSTAINABLE PROGRAM IN SOLOW'S MODEL
Author(s) -
WITHAGEN CEES,
ASHEIM GEIR B.,
BUCHHOLZ WOLFGANG
Publication year - 2003
Publication title -
natural resource modeling
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.28
H-Index - 32
eISSN - 1939-7445
pISSN - 0890-8575
DOI - 10.1111/j.1939-7445.2003.tb00112.x
Subject(s) - converse , criticism , mathematical economics , economics , resource (disambiguation) , capital (architecture) , mathematics , computer science , art , computer network , geometry , literature , archaeology , history
. We show that our general result (Withagen and Asheim [1998]) on the converse of Hartwick's rule also applies for the special case of Solow's model with one capital good and one exhaustible resource. Hence, the criticism by Cairns and Yang [2000] of our paper is unfounded.