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http://hdl.handle.net/10419/57557
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| Title: | | As innovations drive economic growth, do they also raise well-being?  |
| Authors: | | Binder, Martin Witt, Ulrich |
| Issue Date: | | 2011 |
| Series/Report no.: | | Papers on economics and evolution 1105 |
| Abstract: | | While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One reason for this are ambivalent effects of innovations on well-being that result from pecuniary and technological externalities of innovations, argued to be inevitable. Another major reason lies in the fact that, as a result of innovations, preferences can change over time. Under such conditions, a time-consistent measuring rod for changes in well-being is hard to construct. Existing conceptions of well-being are shown not yet to solve the problem in a way that provides an unambiguous answer to the question in the title. |
| Subjects: | | innovations growth welfare well-being preference change |
| JEL: | | D63 I31 O00 |
| Persistent Identifier of the first edition: | | urn:nbn:de:gbv:27-20110630-114932-7 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Papers on Economics and Evolution, MPI für Ökonomik
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