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- W1546080185 abstract "If an economy faces stochastic fluctuations of the resource availability, for example in the case of resource imports, it is optimal in the long run to increase the domestic savings rate in contrast to a deterministic world. Uncertainty is partly substituted by capital accumulation. But this is only true in the long run. The short run effects depend on the capital stock so far accumulated. It is shown that in some cases it may be optimal to lessen the domestic savings rate temporarily when uncertainty increases." @default.
- W1546080185 created "2016-06-24" @default.
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- W1546080185 date "1990-01-01" @default.
- W1546080185 modified "2023-09-27" @default.
- W1546080185 title "Optimal growth under stochastic resource supply" @default.
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