A note on national income in a dynamic economy

Geoffrey Heal; Bengt Kriström

doi:10.1016/j.econlet.2006.12.003

A note on national income in a dynamic economy

Geoffrey Heal
, Bengt Kriström

Publication: Contribution to journal › Journal article › peer-review

Abstract

We review the properties of the static measure of changes in economic welfare, national income, in a dynamic economy. It is possible to establish attractive welfare properties by rather simple arguments, and this can be estimated from current data. Its welfare properties are preferable to those of net national product and comparable to those of the state valuation function. (c) 2007 Published by Elsevier B.V.

Original language	English
Pages (from-to)	2-8
Number of pages	7
Journal	Economics Letters
Volume	98
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2006.12.003
Publication status	Published - 2008

Keywords

representative agent
national income
wealth
Sustainability
cost-benefit

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10.1016/j.econlet.2006.12.003

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abstract = "We review the properties of the static measure of changes in economic welfare, national income, in a dynamic economy. It is possible to establish attractive welfare properties by rather simple arguments, and this can be estimated from current data. Its welfare properties are preferable to those of net national product and comparable to those of the state valuation function. (c) 2007 Published by Elsevier B.V.",

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AB - We review the properties of the static measure of changes in economic welfare, national income, in a dynamic economy. It is possible to establish attractive welfare properties by rather simple arguments, and this can be estimated from current data. Its welfare properties are preferable to those of net national product and comparable to those of the state valuation function. (c) 2007 Published by Elsevier B.V.

KW - representative agent

KW - national income

KW - wealth

KW - Sustainability

KW - cost-benefit

KW - representative agent

KW - national income

KW - wealth

KW - Sustainability

KW - cost-benefit

UR - https://res.slu.se/id/publ/15189

U2 - 10.1016/j.econlet.2006.12.003

DO - 10.1016/j.econlet.2006.12.003

M3 - Journal article

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VL - 98

SP - 2

EP - 8

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

A note on national income in a dynamic economy

Abstract

Keywords

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