Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/62966 
Year of Publication: 
2001
Series/Report no.: 
Memorandum No. 2001,2
Publisher: 
University of Oslo, Department of Economics, Oslo
Abstract: 
We show that instantaneous increases in real NNP over time are an accurate indicator of true dynamic welfare improvements. The framework of the paper is the standard multisector optimal growth model. The result highlights a connection between the theory of green (or comprehensive) national income accounting and the theory of real price indices.
Document Type: 
Working Paper

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