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Growth Rates Of Per-Capita Income And Aggregate Welfare: An International Comparison

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Author Info
Nanak Kakwani
Abstract

This paper is concerned with the measurement of aggregate growth rates, where the aggregation is over time. The paper demonstrates that any mechanical procedures for computing aggregate growth rate has welfare implications, and value judgments implicit in various commonly used procedures are not appealing. A new procedure suggested in the paper captures all the essential properties of a welfare function. The methodology of the paper is applied to an analysis of growth rates of per capita GNP of 83 developing countries during the 1970 - 1987 period. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technolog

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Publisher Info
Article provided by MIT Press in its journal The Review of Economics and Statistics.

Volume (Year): 79 (1997)
Issue (Month): 2 (May)
Pages: 201-211
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Handle: RePEc:tpr:restat:v:79:y:1997:i:2:p:201-211

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  1. Michael Boozer & Gustav Ranis & Frances Stewart & Tavneet Suri, 2003. "Paths to Success: The Relationship Between Human Development and Economic Growth," Working Papers 874, Economic Growth Center, Yale University. [Downloadable!]
  2. Ravallion, Martin & Shaohua Chen, 2001. "Measuring pro-poor growth," Policy Research Working Paper Series 2666, The World Bank. [Downloadable!]
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