GDP, Income Distribution, and Welfare

Leandro Prados de la Escosura ()

Chapter Chapter 5 in Spanish Economic Growth, 1850–2015, 2017, pp 47-59 from Palgrave Macmillan

Abstract: Abstract But how did GDP per head gains affect economic well-being? Within the existing national accounts framework, Sitglitz et al. (2009: 23–25) recommend to look at net rather than gross measures, in order to take into account the depreciation of capital goods. Net National Disposable Income (NNDI) measures income accruing to Spanish nationals, rather than production in Spain, and also accounts for capital consumption. NNDI provides, therefore, a more accurate measure of the impact of economic growth on average incomes than GDP.

Keywords: National Disposal; UNDP United Nations Development Programme (UNDP); Income distributionIncome Distribution; Life expectancyLife Expectancy; Historical Index (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-58042-5_5

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DOI: 10.1007/978-3-319-58042-5_5

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