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Title:Comparing the welfare of growing economics PDF Logo
Authors:Asheim, Geir B.
Issue Date:2010
Series/Report no.:Memorandum // Department of Economics, University of Oslo 2010,03
Abstract:Economies that currently have the same productive capacity may implement different growth rates. This entails that it is insufficient to base international comparisons of welfare solely on current well-being, or introducing the potential for future growth in an arbitrary manner. NNP-based measures trade off current well-being and the potential for future growth in a consistent manner. This paper shows that it matters for NNP-based measures whether different growth rates in different economies are due to different technological opportunities or different social preferences for development.
Subjects:National accounting
Growth
Dynamic welfare
JEL:D60
D90
O47
Document Type:Working Paper
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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