论文信息 - Constant Consumption as Interest on Capital

Constant Consumption as Interest on Capital

The author considers the concepts of aggregate capital value arising in R. M. Solow's constant consumption model. For a traditional concept, he establishes consumption as interest on wealth in the sense of the interest flow being the vector product of weighted current values of capital stocks and own interest rates. Consumption can be viewed as maximum sustainable net product. Copyright 1996 by The editors of the Scandinavian Journal of Economics.

J. Hartwick

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