Add to ORKGEconomies that currently have the same productive capacity may implement different growth rates. This entails that it is insufficient to base international comparisons of welfare solely on current well-being, or introducing the potential for future growth in an arbitrary manner. NNP-based measures trade off current well-being and the potential for future growth in a consistent manner. This paper shows that it matters for NNP-based measures whether different growth rates in different economies are due to different technological opportunities or different so-cial preferences for development
We show that the welfare of a countrys in\u85nitely-lived representative consumer is summarized, to ...
Recent advances in historical national accounting have allowed for global comparisons of GDP per cap...
The paper motion to differentiate the terms of economic growth and economic development, the first b...
Economies that currently have the same productive capacity may implement different growth rates. Thi...
Weitzman (1976) claimed that in the case of linear utility, NNP ia proportional to welfare, defined ...
We show that the welfare of a representative consumer can be related to observable aggregate data. T...
The paper develops a two-country endogenous growth model to investigate possible causes for the exis...
This paper is about net national product (NNP). We are concerned with what NNP means, what it should...
International comparisons of living standards are still primarily made using GDP per capita, in spit...
We propose and apply several welfare measures that combine average income with a measure of inequali...
The fate of different countries is amazingly diverse. Some economies expand at a fast pace, quickly ...
We propose a simple summary statistic for a nation’s flow of welfare, mea-sured as a consumption equ...
For 98 countries in the period 1960-1985, the growth rate of real per capita GDP is positively relat...
Comparisons across Space and Time ’ (which will remain a stand-alone paper). While the original pape...
In 1989, Daly and Cobb compiled an inclusive measure of economic welfare (MEW): the Index of Sustain...
We show that the welfare of a countrys in\u85nitely-lived representative consumer is summarized, to ...
Recent advances in historical national accounting have allowed for global comparisons of GDP per cap...
The paper motion to differentiate the terms of economic growth and economic development, the first b...
Economies that currently have the same productive capacity may implement different growth rates. Thi...
Weitzman (1976) claimed that in the case of linear utility, NNP ia proportional to welfare, defined ...
We show that the welfare of a representative consumer can be related to observable aggregate data. T...
The paper develops a two-country endogenous growth model to investigate possible causes for the exis...
This paper is about net national product (NNP). We are concerned with what NNP means, what it should...
International comparisons of living standards are still primarily made using GDP per capita, in spit...
We propose and apply several welfare measures that combine average income with a measure of inequali...
The fate of different countries is amazingly diverse. Some economies expand at a fast pace, quickly ...
We propose a simple summary statistic for a nation’s flow of welfare, mea-sured as a consumption equ...
For 98 countries in the period 1960-1985, the growth rate of real per capita GDP is positively relat...
Comparisons across Space and Time ’ (which will remain a stand-alone paper). While the original pape...
In 1989, Daly and Cobb compiled an inclusive measure of economic welfare (MEW): the Index of Sustain...
We show that the welfare of a countrys in\u85nitely-lived representative consumer is summarized, to ...
Recent advances in historical national accounting have allowed for global comparisons of GDP per cap...
The paper motion to differentiate the terms of economic growth and economic development, the first b...