Welfare comparisons between societies with different population sizes and environmental characteristics
To provide a normative foundation for transfers between different societies, one needs information on the “per capita welfare” in different societies, having different population sizes and environmental characteristics. This paper reviews various methods for doing such comparisons. The main conclusion of the analysis is that there appears to be no practical alternative to applying real comprehensive per capita NNP. This is a per capita variant of Weitzman’s stationary welfare equivalent of future utility. Welfare comparisons between different societies must be made in local real prices calculated according to “purchasing-power-parity”, where non-traded environmental amenities may play an important role.
|Date of creation:||17 Jul 2005|
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- Asheim, Geir, 2003.
"Green national accounting for welfare and sustainability: A taxonomy of assumptions and results,"
31/2002, Oslo University, Department of Economics.
- Geir B. Asheim, 2003. "Green national accounting for welfare and sustainability:A Taxonomy Of Assumptions And Results," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(2), pages 113-130, 05.
- Geir B. Asheim, 2002. "Green National Accounting for Welfare and Sustainability: A Taxonomy of Assumptions and Results," CESifo Working Paper Series 827, CESifo Group Munich.
- Kenneth Arrow & Partha Dasgupta & Karl-Göran Mäler, 2003.
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- Dasgupta, Partha, 2001. "Valuing Objects and Evaluating Policies in Imperfect Economies," Economic Journal, Royal Economic Society, vol. 111(471), pages C1-29, May.
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"Green national accounting with a changing population,"
Springer, vol. 23(3), pages 601-619, March.
- Asheim, Geir, 2003. "Green national accounting with a changing population," Memorandum 06/2003, Oslo University, Department of Economics.
- Dasgupta, Partha & M Ler, Karl-G Ran, 2000. "Net national product, wealth, and social well-being," Environment and Development Economics, Cambridge University Press, vol. 5(01), pages 69-93, February.
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