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

Publikation: Bidrag till tidskrift › Artikel i vetenskaplig tidskrift › Peer review

Sammanfattning

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.

Originalspråk	Engelska
Sidor (från-till)	2-8
Antal sidor	7
Tidskrift	Economics Letters
Volym	98
Nummer	1
DOI	https://doi.org/10.1016/j.econlet.2006.12.003
Status	Publicerad - 2008

Nyckelord

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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KW - wealth

KW - Sustainability

KW - cost-benefit

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KW - Sustainability

KW - cost-benefit

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