Current account norms in natural resource rich and capital scarce economies
نویسندگان
چکیده
منابع مشابه
Title Capital depreciation and waste accumulation in capital - resource economies
In this note, we investigate how the depreciation of a manufactured stock and the related accumulation of a waste stock can alter the optimal path of the capital-resource economy. It is shown that the optimal consumption path is affected by how the disuse pattern of the manufactured stock in question is distributed, specifically with forward-looking terms.
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The views are those of the author and do not represent Brookings Institution, or those of the African Development Bank, its Executive Directors, or the countries they represent.
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2016
ISSN: 0304-3878
DOI: 10.1016/j.jdeveco.2015.10.005