Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/47291
Authors: 
Asheim, Geir B.
Year of Publication: 
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

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