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On the measurement of growth
MPRA Paper from University Library of Munich, Germany
The current short note suggests an alternative measure for economic growth, which is based on consumer welfare instead of per capita income. It suggests that this measure can be better applied to economies with certain characteristics.
Keywords: economic; growth (search for similar items in EconPapers)
JEL-codes: E10 E20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hap and nep-mac
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:9619
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