Sustainability in Small Open Economies Under Uncertainty
Posted: 25 Feb 1998
Date Written: 1997
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.
JEL Classification: B81; F21; Q38
Suggested Citation: Suggested Citation