Asheim, Geir B. and Buchholz, Wolfgang (2004) A general approach to welfare measurement through national income accounting. SCANDINAVIAN JOURNAL OF ECONOMICS, 106 (2). pp. 361-384. ISSN 0347-0520
Full text not available from this repository. (Request a copy)Abstract
A framework is developed for analyzing national income accounting using a revealed welfare approach that is sufficiently general to cover, both the standard discounted utilitarian and maximin criteria as special cases. We show that the basic welfare properties of comprehensive national income accounting, previously ascribed only to the discounted utilitarian case, extend to this more general framework. In particular, under a wider range of circumstances, it holds that real NNP growth (or, equivalently, a positive value of net investments) indicates welfare improvement. We illustrate the applicability of our approach in the Dasgupta-Heal-Solow model of capital accumulation and resource depletion.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | EXHAUSTIBLE RESOURCES; INTERGENERATIONAL EQUITY; CAPITAL ACCUMULATION; HARTWICKS RULE; MAXIMIN PATHS; SUSTAINABILITY; PRODUCT; POPULATION; DEPLETION; GROWTH; national income accounting; dynamic welfare |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Entpflichtete oder im Ruhestand befindliche Professoren > Lehrstuhl für Finanzwissenschaft, insbesondere Umweltökonomie (Prof. Dr. Wolfgang Buchholz) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 27 Jul 2021 08:37 |
| Last Modified: | 27 Jul 2021 08:37 |
| URI: | https://pred.uni-regensburg.de/id/eprint/38256 |
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