We show that instantaneous increases in real NNP over time are an accurate indicator of true dynamic welfare improvements. The framework of the paper is the standard multisector optimal growth model. The result highlights a connection between the theory of green (or comprehensive) national income accounting and the theory of real price indices
For some time now, ecological economists have been putting forward a ‘threshold hypothesis’*/the not...
This paper constructs an endogenous growth model driven by self-fulfilling expectation shocks to exp...
This paper analyses the theoretical relevance of the dynamical aspects of growth on the discussion a...
We show that instantaneous increases in real NNP over time are an accurate indicator of true dynamic...
This paper is related to social welfare and sustainability. The real NNP represents the maximized va...
Following Arrow et al. (2003), this paper considers green national accounting when population is cha...
Bridging modern macroeconomics and the economic theory of index numbers, this paper shows that real ...
This chapter investigates whether measures of welfare improvement indicates sustainability. First it...
Weitzman (1976) claimed that in the case of linear utility, NNP ia proportional to welfare, defined ...
This paper shows how utility based welfare measures in dynamic general equilibrium under imperfect m...
The aim of this paper is to analyze whether endogenous growth RBC models are consistent with two sty...
Economies that currently have the same productive capacity may implement different growth rates. Thi...
We derive a theoretically consistent welfare measure that is to be interpreted as a `green ' ne...
How should productivity and welfare be measured when the composition of the capital stock is shiftin...
The new US data from NIPA contradict some of the well-known Kaldor stylized facts, and call for a re...
For some time now, ecological economists have been putting forward a ‘threshold hypothesis’*/the not...
This paper constructs an endogenous growth model driven by self-fulfilling expectation shocks to exp...
This paper analyses the theoretical relevance of the dynamical aspects of growth on the discussion a...
We show that instantaneous increases in real NNP over time are an accurate indicator of true dynamic...
This paper is related to social welfare and sustainability. The real NNP represents the maximized va...
Following Arrow et al. (2003), this paper considers green national accounting when population is cha...
Bridging modern macroeconomics and the economic theory of index numbers, this paper shows that real ...
This chapter investigates whether measures of welfare improvement indicates sustainability. First it...
Weitzman (1976) claimed that in the case of linear utility, NNP ia proportional to welfare, defined ...
This paper shows how utility based welfare measures in dynamic general equilibrium under imperfect m...
The aim of this paper is to analyze whether endogenous growth RBC models are consistent with two sty...
Economies that currently have the same productive capacity may implement different growth rates. Thi...
We derive a theoretically consistent welfare measure that is to be interpreted as a `green ' ne...
How should productivity and welfare be measured when the composition of the capital stock is shiftin...
The new US data from NIPA contradict some of the well-known Kaldor stylized facts, and call for a re...
For some time now, ecological economists have been putting forward a ‘threshold hypothesis’*/the not...
This paper constructs an endogenous growth model driven by self-fulfilling expectation shocks to exp...
This paper analyses the theoretical relevance of the dynamical aspects of growth on the discussion a...
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