A General Approach to Welfare Measurement through National Income Accounting*

Geir Asheim and Wolfgang Buchholz ()

Scandinavian Journal of Economics, 2004, vol. 106, issue 2, 361-384

Abstract: A framework is developed for analyzing national income accounting using a revealed welfare approach that is sufficiently general to cover, both the standard discounted utilitarian and maximin criteria as special cases. We show that the basic welfare properties of comprehensive national income accounting, previously ascribed only to the discounted utilitarian case, extend to this more general framework. In particular, under a wider range of circumstances, it holds that real NNP growth (or, equivalently, a positive value of net investments) indicates welfare improvement. We illustrate the applicability of our approach in the Dasgupta–Heal–Solow model of capital accumulation and resource depletion.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (33)

Downloads: (external link)
https://doi.org/10.1111/j.0347-0520.2004.00362.x

Related works:
Working Paper: A General Approach to Welfare Measurement through National Income Accounting (2003)
Working Paper: A General Approach to Welfare Measurement through National Income Accounting (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:scandj:v:106:y:2004:i:2:p:361-384

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0347-0520

Access Statistics for this article

Scandinavian Journal of Economics is currently edited by Richard Friberg, Matti Liski and Kjetil Storesletten

More articles in Scandinavian Journal of Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().