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by Gregg Erickson for 32 nd IAEE Conference Anchorage, Alaska July 28-August 31, 2013

Hartwick’s Rule and Alaska’s allocation of petroleum rents to consumption and investment, 1977-2010. by Gregg Erickson for 32 nd IAEE Conference Anchorage, Alaska July 28-August 31, 2013. Where the oil money went: A 36-year Alaska retrospective.

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by Gregg Erickson for 32 nd IAEE Conference Anchorage, Alaska July 28-August 31, 2013

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  1. Hartwick’s RuleandAlaska’sallocation of petroleum rents to consumption and investment, 1977-2010 by Gregg Erickson for 32nd IAEE Conference Anchorage, Alaska July 28-August 31, 2013 Erickson & Associates Juneau, Alaska & Bend, Oregon

  2. Where the oil money went:A 36-year Alaska retrospective Erickson & Associates Juneau, Alaska & Bend, Oregon

  3. “Invest all profits or rents from exhaustible resources in reproducible capital.” Canadian economist John Hartwick (1977) Erickson & Associates Juneau, Alaska & Bend, Oregon

  4. Corollary to Hartwick’s Rule:To the extent rents are diverted to consumption, future generations will suffer. Erickson & Associates Juneau, Alaska & Bend, Oregon

  5. Options:ConsumptionInvestmentReal productive assetsIntangible productive assetsFinancial assets Stabilization (rainy day funds) Live off the income (perm. Fund) Erickson & Associates Juneau, Alaska & Bend, Oregon

  6. Erickson & Associates Juneau, Alaska & Bend, Oregon

  7. Erickson & Associates Juneau, Alaska & Bend, Oregon

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