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Comprehensive NNP, Social Welfare, and the Rate of Return

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Author Info
Li, Chuan-Zhong () (Department of Economics)
Löfgren, Karl-Gustaf () (Department of Economics, Umeå University)

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Abstract

We show that growth in NNP measured in constant prices indicates welfare improvement, provided that an observable rate of return measure is positive. This is an

alternative welfare interpretation of growth in comprehensive NNP compared with

that of Asheim and Weitzman (2001, this journal) which is based on a Divisia con-

sumer price index.

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Publisher Info
Paper provided by Umeå University, Department of Economics in its series Umeå Economic Studies with number 640.

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Length: 8 pages
Date of creation: 27 Sep 2004
Date of revision: 04 Dec 2006
Handle: RePEc:hhs:umnees:0640

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Postal: Department of Economics, Umeå University, S-901 87 Umeå, Sweden
Phone: 090 - 786 61 42
Fax: 090 - 77 23 02
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Web page: http://www.econ.umu.se/
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Related research
Keywords: Comprehensive NNP; welfare measurement; the rate of return;

Other versions of this item:

Find related papers by JEL classification:
D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving
Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Asheim, Geir B. & Weitzman, Martin L., 2001. "Does NNP growth indicate welfare improvement?," Economics Letters, Elsevier, vol. 73(2), pages 233-239, November. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Li, Chuan-Zhong & Isacsson, Gunnar, 2009. "Valuing urban accessibility and air quality in Sweden: A regional welfare analysis," Working Paper Series 2009:2, Uppsala University, Department of Economics. [Downloadable!]
Statistics
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