Measuring Technical Progress in Gross and Net Products
On the optimal path of an economy with capital and non-renewable resource inputs, and constant returns output of consumption and investment, the rate of exogenous technical progress in net national product equals the rate of progress in (gross) production, divided by one minus the production elasticity of the resource flow.
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- Weitzman, Martin L, 1997. " Sustainability and Technical Progress," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(1), pages 1-13, March.
- Weitzman, Martin L, 1976.
"On the Welfare Significance of National Product in a Dynamic Economy,"
The Quarterly Journal of Economics,
MIT Press, vol. 90(1), pages 156-62, February.
- M. L. Weitzman, 1974. "On the Welfare Significance of National Product in Dynamic Economy," Working papers 125, Massachusetts Institute of Technology (MIT), Department of Economics.
- Asheim, Geir B, 1997. " Adjusting Green NNP to Measure Sustainability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(3), pages 355-70, September.
- Asheim,G.B. & Weitzman,M.L., 2001.
"Does NNP growth indicate welfare improvement?,"
02/2001, Oslo University, Department of Economics.
- Asheim, G.B., 1998.
"Green National Accounting: Why and How?,"
08/1998, Oslo University, Department of Economics.
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