Munich Personal RePEc Archive

Capital depreciation and waste accumulation in capital-resource economies

Yamaguchi, Rintaro and Ueta, Kazuhiro (2010): Capital depreciation and waste accumulation in capital-resource economies. Forthcoming in: Applied Economics Letters

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Abstract

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 aected by how the disuse pattern of the manufactured stock in question is distributed, specifically with forward-looking terms.

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