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Title:As innovations drive economic growth, do they also raise well-being? PDF Logo
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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