Capital depreciation and waste accumulation in capital-resource economies

被引：0
|
作者：
Yamaguchi, R. [1 ]
Ueta, K. [1 ]
机构：
[1] Kyoto Univ, Grad Sch Econ, Sakyo Ku, Kyoto 6068501, Japan
来源：
APPLIED ECONOMICS LETTERS | 2011年 / 18卷 / 06期
关键词：
D O I：
10.1080/13504851003761814
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In 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.
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页码：519 / 522
页数：4
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