Guidelines for exploiting natural resource wealth

The principles of how best to manage the various components of national wealth are outlined, where the permanent income hypothesis, the Hotelling rule and the Hartwick rule play a prominent role. As far as managing natural resource wealth is concerned, a case is made to use an intergenerational sove...

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Auteur principal: Van der Ploeg, R
Format: Working paper
Publié: University of Oxford 2013