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A dynamic price index theory for deflating green net national product: an illustrative application using data from the United States
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2015 (English)In: Environmental Economics, ISSN 1998-6041, E-ISSN 1998-605X, Vol. 6, no 2, 21-29 p.Article in journal (Refereed) Published
Abstract [en]

This paper is concerned with the welfare significance of real comprehensive NNP based on an exact dynamic price index. We extend the Konus classical index number theory by taking into account current environmental externalities and investment for future consumption enhancement. It is shown that, when deflated with the proper dynamic price index, the real green NNP becomes an ideal measure for welfare comparisons over time. We demonstrate the application of the theory using time series data from the United States over the period from 1959 to 2008.

Place, publisher, year, edition, pages
LLC “СPС “Business Perspectives” , 2015. Vol. 6, no 2, 21-29 p.
Keyword [en]
Green NNP, growth, price index, sustainability
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-124776OAI: oai:DiVA.org:umu-124776DiVA: diva2:956688
Available from: 2016-08-31 Created: 2016-08-24 Last updated: 2017-01-02Bibliographically approved

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Löfgren, Karl-Gustaf
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CiteExportLink to record
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Citation style
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