Does NNP growth indicate welfare improvement?

Authors
Asheim, GB Weitzman, ML
Citation
Gb. Asheim et Ml. Weitzman, Does NNP growth indicate welfare improvement?, ECON LETT, 73(2), 2001, pp. 233-239
Citations number
6
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
73
Issue
2
Year of publication
2001
Pages
233 - 239
Database
ISI
SICI code
0165-1765(200111)73:2<233:DNGIWI>2.0.ZU;2-H
Abstract
We show that instantaneous increases in real NNP over time are an accurate indicator of true dynamic welfare improvements. This highlights a connectio n between the theory of green (or comprehensive) national income accounting and the theory of real price indices. (C) 2001 Elsevier Science BY All rig hts reserved.