Natural resources and patterns of overtaking

This paper shows how intergenerational trading of non‐depletable natural resources may affect investment in physical capital, implying distinct patterns of overtaking between countries. Specifically, the results indicate that the elasticity of the marginal utility of natural resources plays a crucia...

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Veröffentlicht in:	International journal of economic theory 2014-06, Vol.10 (2), p.167-177
Hauptverfasser:	Böhm, Volker, Kikuchi, Tomoo, Vachadze, George
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic models Natural resources overtaking sep natural resources sep overlapping generations model
Online-Zugang:	Volltext
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