A general approach to welfare measurement through national income accounting

Arbeitspapier

We develop a framework for analyzing national income accounting using a revealed welfare approach that is sufficiently general to cover, e.g., both the standard discounted utilitarian and maximin criteria as special cases. We show that the basic welfare properties of comprehensive national income accounting, which were previously ascribed only to the discounted utilitarian case, in fact extend to this more general framework. In particular, it holds under a wide range of circumstances that real nnp growth (or equivalently, a positive value of net investments) indicates welfare improvement. We illustrate the applicability of our approach by considering resource allocation mechanisms in the Dasgupta-Heal-Solow model of capital accumulation and resource depletion.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Memorandum ; No. 2002,32

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Index Numbers and Aggregation; Leading indicators ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Sustainable Development
• Thema: National income accounting ; dynamic welfare ; Volkswirtschaftliche Gesamtrechnung ; Soziale Wohlfahrtsfunktion ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Asheim, Geir B. ; Buchholz, Wolfgang
• Ereignis: Veröffentlichung
• (wer): University of Oslo, Department of Economics
• (wo): Oslo
• (wann): 2002

Weitere Informationen

• Handle: http://hdl.handle.net/10419/63076
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ