The Real Net National Product in Sustainable Development

Dr Haradhan Mohajan ()

KASBIT Business Journals (KBJ), 2011, vol. 4, 89-103

Abstract: This paper is related to social welfare and sustainability. The real NNP represents the maximized value of flow of goods and services that are produced by the productive assets of the society. It is important to investigate whether the concept of NNP can serve as an indicator of sustainability. In this paper an attempt has been taken to clarify this with theoretical calculations. The instantaneous increases in real NNP over time are an accurate indicator of true welfare improvements. The paper shows that welfare is increasing instantaneously over time if and only if real NNP is increasing instantaneously over time. It is also shown the relation between the Divisia index of real consumption prices and dynamic welfare evaluation. The paper emphasizes on optimal growth and growth without optimality, and is examined sustainability in these two cases.

Keywords: Real NNP; Dynamic welfare; Social Welfare and Sustainability (search for similar items in EconPapers)
JEL-codes: B22 O11 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://kasbit.edu.pk/KBJVol4/8-The%20Real%20Net%20 ... le%20Development.pdf

Related works:
Working Paper: The Real Net National Product in Sustainable Development (2011)
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:ksb:journl:v:4:y:2011:p:89-103

Access Statistics for this article

KASBIT Business Journals (KBJ) is currently edited by Syed Karamatullah Hussainy

More articles in KASBIT Business Journals (KBJ) from Khadim Ali Shah Bukhari Institute of Technology (KASBIT) Contact information at EDIRC.
Bibliographic data for series maintained by Yasir Jaseem ( this e-mail address is bad, please contact ).