| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062367 | Economics Letters | 2008 | 7 Pages |
Abstract
We review the properties of the static measure of changes in economic welfare, national income, in a dynamic economy. It is possible to establish attractive welfare properties by rather simple arguments, and this can be estimated from current data. Its welfare properties are preferable to those of net national product and comparable to those of the state valuation function.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Geoffrey Heal, Bengt Kriström,