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Asheim, Geir B.
Weitzman, Martin L.
Year of Publication: 
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 2001,2
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.
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Working Paper

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