| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062772 | Economics Letters | 2006 | 6 Pages |
Abstract
We show that growth in NNP measured in constant prices indicates welfare improvement, provided that an observable rate of return measure is positive. This is an alternative welfare interpretation of growth in comprehensive NNP compared with that of Asheim and Weitzman [Asheim, B.G., Weitzman, M.L., 2001. Does NNP growth indicate welfare improvement? Economic Letters 73, 233-239] which is based on a Divisia consumer price index.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Chuan-Zhong Li, Karl-Gustaf Löfgren,