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Autor:innen: 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Memorandum No. 2010,03
Verlag: 
University of Oslo, Department of Economics, Oslo
Zusammenfassung: 
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.
Schlagwörter: 
National accounting
Growth
Dynamic welfare
JEL: 
D60
D90
O47
Dokumentart: 
Working Paper

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