Corresponding to current national wealth as discounted future optimal consumption (Weitzman [19761) we observe current national wealth to be the value of net accumulated stocks of capital. It follows that NNP can be interpreted as interest on national wealth. A constant value of wealth implies no net investment and NNP equals the value of consumption, the Hicksian notion of "income"
Economic theory predicts that the current change in national wealth, broadly defined to include natu...
Abstract. Theoretical work has demonstrated that sustainable development requires non-declining per ...
This paper is related to social welfare and sustainability. The real NNP represents the maximized va...
Corresponding to current national wealth as discounted future optimal consumption (Weitzman [1976]) ...
Weitzman (1976) claimed that in the case of linear utility, NNP ia proportional to welfare, defined ...
The current value Hamiltonian in an aggregate optimal growth problem with heterogeneous capital stoc...
It is known that every national state has its own national wealth. National wealth is the sum of inv...
The principles of how best to manage the various components of national wealth are outlined, where t...
Exact optimal paths are calculated for two closed, continuous-time economies with explicit functiona...
This paper argues that a total approach to macroeconomic stock estimation is necessary when assessin...
One of the crucial factors that contribute to establishing well-being at the level of the world econ...
The present paper generalizes the Weitzman/Hartwick approach to national income accounting. We first...
The present paper generalizes the Weitzman-Hartwick approach to national income accounting. The auth...
We consider here the necessity of redefining the concept of economic value and the system of measuri...
This paper presents updated series of national wealth and of capital-labor shares of na- tional inco...
Economic theory predicts that the current change in national wealth, broadly defined to include natu...
Abstract. Theoretical work has demonstrated that sustainable development requires non-declining per ...
This paper is related to social welfare and sustainability. The real NNP represents the maximized va...
Corresponding to current national wealth as discounted future optimal consumption (Weitzman [1976]) ...
Weitzman (1976) claimed that in the case of linear utility, NNP ia proportional to welfare, defined ...
The current value Hamiltonian in an aggregate optimal growth problem with heterogeneous capital stoc...
It is known that every national state has its own national wealth. National wealth is the sum of inv...
The principles of how best to manage the various components of national wealth are outlined, where t...
Exact optimal paths are calculated for two closed, continuous-time economies with explicit functiona...
This paper argues that a total approach to macroeconomic stock estimation is necessary when assessin...
One of the crucial factors that contribute to establishing well-being at the level of the world econ...
The present paper generalizes the Weitzman/Hartwick approach to national income accounting. We first...
The present paper generalizes the Weitzman-Hartwick approach to national income accounting. The auth...
We consider here the necessity of redefining the concept of economic value and the system of measuri...
This paper presents updated series of national wealth and of capital-labor shares of na- tional inco...
Economic theory predicts that the current change in national wealth, broadly defined to include natu...
Abstract. Theoretical work has demonstrated that sustainable development requires non-declining per ...
This paper is related to social welfare and sustainability. The real NNP represents the maximized va...
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