Presentation is loading. Please wait.

Presentation is loading. Please wait.

Erickson & Associates Juneau, Alaska & Bend, Oregon 1 Hartwick’s Rule and Alaska’s allocation of petroleum rents to consumption and investment, 1977-2010.

Published byAmice Wells Modified over 9 years ago

Similar presentations

Presentation on theme: "Erickson & Associates Juneau, Alaska & Bend, Oregon 1 Hartwick’s Rule and Alaska’s allocation of petroleum rents to consumption and investment, 1977-2010."— Presentation transcript:

1 Erickson & Associates Juneau, Alaska & Bend, Oregon 1 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

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

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

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

5 Erickson & Associates Juneau, Alaska & Bend, Oregon 5 Options: Consumption Investment Real productive assets Intangible productive assets Financial assets Stabilization (rainy day funds) Live off the income (perm. Fund)

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

7 7

Download ppt "Erickson & Associates Juneau, Alaska & Bend, Oregon 1 Hartwick’s Rule and Alaska’s allocation of petroleum rents to consumption and investment, 1977-2010."

Similar presentations

High School Financial Education Program Florida International University College of Business 305-348-1542.

High School Financial Education Program Florida International University College of Business
Impacts of inflation.

Impacts of inflation.
The Circular Flow Model

The Circular Flow Model
Economic Circular Flow

Economic Circular Flow
BUSINESS & PERSONAL FINANCE LEVEL 3M. DEFINITION Money management is the control of cash flow.

BUSINESS & PERSONAL FINANCE LEVEL 3M. DEFINITION Money management is the control of cash flow.
BELL RINGER USING A CIRCLE MAP, brainstorm a list of ways that you can save and invest wisely. Be ready to take notes after a brief class discussion…

BELL RINGER USING A CIRCLE MAP, brainstorm a list of ways that you can save and invest wisely. Be ready to take notes after a brief class discussion…
Department of Economics Institute for Public Economics1 A Government’s Natural Resource Revenue Quandary? or Whatever Happened to Alberta’s Heritage Savings.

Department of Economics Institute for Public Economics1 A Government’s Natural Resource Revenue Quandary? or Whatever Happened to Alberta’s Heritage Savings.
MINI – FUND LEIGHA GRAHAM. ASSET BREAKDOWN $$$ BREAKDOWN $250,000 – EQUITY $150,000 – FIXED INCOME ASSETS $ 50,000 – COMMODITIES $ 50,000 – CASH.

MINI – FUND LEIGHA GRAHAM. ASSET BREAKDOWN $$$ BREAKDOWN $250,000 – EQUITY $150,000 – FIXED INCOME ASSETS $ 50,000 – COMMODITIES $ 50,000 – CASH.
Maximum Sustainable Yield: A Fiscal Road Map for Alaska University of Alaska Budget Committee Fairbanks, Alaska August 8, 2013 Scott Goldsmith Institute.

Maximum Sustainable Yield: A Fiscal Road Map for Alaska University of Alaska Budget Committee Fairbanks, Alaska August 8, 2013 Scott Goldsmith Institute.
ECON*2100 Week 3 – Lecture 2 Sustainability and the Hartwick Rule.

ECON*2100 Week 3 – Lecture 2 Sustainability and the Hartwick Rule.
The School Finance Outlook for 2010-11 and Beyond Legislative Revenue Office April 2010.

The School Finance Outlook for and Beyond Legislative Revenue Office April 2010.
July 2006 70 year old male R458 000 Invested in Allan Gray Living Annuity 30% into Allan Gray Balanced Fund Income drawn: 7% per year Actual investor example.

July year old male R Invested in Allan Gray Living Annuity 30% into Allan Gray Balanced Fund Income drawn: 7% per year Actual investor example.
The other side of the coin: The downside of Norway’s savings of petroleum rents Rögnvaldur Hannesson Norwegian School of Economics.

The other side of the coin: The downside of Norway’s savings of petroleum rents Rögnvaldur Hannesson Norwegian School of Economics.
ECON 4925 Resource Economics Autumn 2010 Lecture 1 Introduction Lecturer: Finn R. Førsund 14925 Lecture 1.

ECON 4925 Resource Economics Autumn 2010 Lecture 1 Introduction Lecturer: Finn R. Førsund Lecture 1.
Lecture 23: Sustainability. Sustainability in Economics In economics, an economy is “sustainable” if future generations will be able to enjoy the same.

Lecture 23: Sustainability. Sustainability in Economics In economics, an economy is “sustainable” if future generations will be able to enjoy the same.
Distribution. Why Does Distribution Matter?  Ethical and practical question  Follows from sustainable scale: How can we care about the well being of.

Distribution. Why Does Distribution Matter?  Ethical and practical question  Follows from sustainable scale: How can we care about the well being of.
P.V. VISWANATH FOR A FIRST COURSE IN INVESTMENTS.

P.V. VISWANATH FOR A FIRST COURSE IN INVESTMENTS.
1 Chapter 1: Goal and Functions of Finance Objective of the Firm – the primary goal of the firm is to maximize stockholder wealth Wealth Maximization versus.

1 Chapter 1: Goal and Functions of Finance Objective of the Firm – the primary goal of the firm is to maximize stockholder wealth Wealth Maximization versus.
13/06/20151 Financial Statements for the year ended 31 July 2005.

13/06/20151 Financial Statements for the year ended 31 July 2005.
20/06/20151 Financial Statements for the year ended 31 July 2006.

20/06/20151 Financial Statements for the year ended 31 July 2006.

Similar presentations

Ads by Google