Capital depreciation and waste accumulation in capital-resource economies

Access this Article

Abstract

Published online: 16 Dec 2010In this article, 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.

Journal

  • Applied Economics Letters

    Applied Economics Letters 18(6), 519-522, 2011-04-08

    Taylor & Francis Group

Codes

  • NII Article ID (NAID)
    120005707792
  • Text Lang
    ENG
  • Article Type
    journal article
  • ISSN
    1350-4851
  • Data Source
    IR 
Page Top