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SOCIAL COMMON CAPITAL, IMPUTED PRICE, AND SUSTAINABLE DEVELOPMENT

Published online by Cambridge University Press:  09 March 2010

H. Uzawa
H. Uzawa*
Affiliation:
Social Common Capital Research
*
Address correspondence to: Hirofumi Uzawa, Social Common Capital Research, 20-23 Kamiyama, Shibuya, Tokyo 150-0047, Japan; e-mail: rcgw@dbj.jp.
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Abstract

In this paper, we prove in terms of the prototype model of social common capital that the optimum conditions for sustainable processes of capital accumulation involving both private capital and social common capital coincide precisely with those for market equilibrium with the social common capital taxes at certain specific rates under the stationary expectations hypothesis concerning the future schedule of marginal productivity of capital of all kinds.

Keywords

Social Common CapitalPrototype Model of Social Common CapitalSustainable Processes of Capital AccumulationSocial Common Capital TaxImputed Price
Type
Articles
Information
Macroeconomic Dynamics , Volume 14 , Issue 2 , April 2010 , pp. 149 - 165
Copyright
Copyright © Cambridge University Press 2010

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References

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