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dc.contributor.authorAsheim, Geir B.en_US
dc.contributor.authorBuchholz, Wolfgangen_US
dc.date.accessioned2012-09-20T13:14:21Z-
dc.date.available2012-09-20T13:14:21Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/63076-
dc.description.abstractWe develop a framework for analyzing national income accounting using a revealed welfare approach that is sufficiently general to cover, e.g., both the standard discounted utilitarian and maximin criteria as special cases. We show that the basic welfare properties of comprehensive national income accounting, which were previously ascribed only to the discounted utilitarian case, in fact extend to this more general framework. In particular, it holds under a wide range of circumstances that real nnp growth (or equivalently, a positive value of net investments) indicates welfare improvement. We illustrate the applicability of our approach by considering resource allocation mechanisms in the Dasgupta-Heal-Solow model of capital accumulation and resource depletion.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum, Department of Economics, University of Oslo 2002,32en_US
dc.subject.jelC43en_US
dc.subject.jelO47en_US
dc.subject.jelQ01en_US
dc.subject.ddc330en_US
dc.subject.keywordNational income accountingen_US
dc.subject.keyworddynamic welfareen_US
dc.subject.stwVolkswirtschaftliche Gesamtrechnungen_US
dc.subject.stwSoziale Wohlfahrtsfunktionen_US
dc.subject.stwTheorieen_US
dc.titleA general approach to welfare measurement through national income accountingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn359083145en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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