Sustainability in Small Open Economies Under Uncertainty

WP 78

Posted: 25 Feb 1998

See all articles by Seiichi Katayama

Seiichi Katayama

Kobe University

H. Ohta

Kobe University of Commerce - Graduate School of Business Administration

Date Written: 1997

Abstract

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

Katayama, Seiichi and Ohta, H., Sustainability in Small Open Economies Under Uncertainty (1997). WP 78, Available at SSRN: https://ssrn.com/abstract=57160

Seiichi Katayama (Contact Author)

Kobe University ( email )

2-1, Rokkodai-cho, Nada-ku
2 Rokkodai
Kobe, 657-8501
Japan
(81) 78-803-0402 (Phone)
(81) 78-861-6434 (Fax)

H. Ohta

Kobe University of Commerce - Graduate School of Business Administration

821 Gakuenn nishimachi
657 Kobe
Japan

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
625
PlumX Metrics