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Comprehensive NNP-social welfare, and the rate of return
Umeå University, Faculty of Social Sciences, Department of Economics.
Department of Economics, Uppsala University, 751 20 Uppsala, Sweden.
2006 (English)In: Economics Letters, ISSN 0165-1765, ISSN 0165-1765, Vol. 90, no 2, 254-259 p.Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
Amsterdam: North-Holland , 2006. Vol. 90, no 2, 254-259 p.
Keyword [en]
Comprehensive NNP; Welfare measurement; The rate of return
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URN: urn:nbn:se:umu:diva-7232DOI: doi:10.1016/j.econlet.2005.08.005OAI: diva2:146903
Available from: 2008-01-07 Created: 2008-01-07 Last updated: 2011-06-22Bibliographically approved

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Löfgren, Karl-Gustaf
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