Arbeitspapier

Can NNP be used for welfare comparisons?

This paper contains a critical assessment of the claim that nnp can be used for welfare comparisons. The analysis assumes that national accounts are comprehensive (in particular, “greened” by taking into account environmental amenities and natural resource depletion), but does not assume optimal resource allocation. The general conclusion is that greater nnp does not correspond to welfare enhancement, unless the net investment flows are revalued. Real utility-nnp, and real measurable nnp made comparable across time by means of a consumer price index, allow for such revaluation, and thus indicate welfare improvement.

Sprache
Englisch

Erschienen in
Series: Memorandum ; No. 2005,24

Klassifikation
Wirtschaft
Index Numbers and Aggregation; Leading indicators
Welfare Economics: General
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Sustainable Development
Thema
National income accounting
dynamic welfare
Volkseinkommen
Volkswirtschaftliche Gesamtrechnung
Wohlfahrtstheorie

Ereignis
Geistige Schöpfung
(wer)
Asheim, Geir B.
Ereignis
Veröffentlichung
(wer)
University of Oslo, Department of Economics
(wo)
Oslo
(wann)
2005

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Asheim, Geir B.
  • University of Oslo, Department of Economics

Entstanden

  • 2005

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