Abstract

We review the properties of the static measure of changes in economic welfare, national income, in a dynamic economy. It is possible to establish attractive welfare properties by rather simple arguments, and this can be estimated from current data. Its welfare properties are preferable to those of net national product and comparable to those of the state valuation function. (c) 2007 Published by Elsevier B.V.

Keywords

representative agent; national income; wealth; Sustainability; cost-benefit

Published in

Economics Letters
2008, Volume: 98, number: 1, pages: 2-8
Publisher: ELSEVIER SCIENCE SA

SLU Authors

• Kriström, Bengt

  • Department of Forest Economics, Swedish University of Agricultural Sciences
    

UKÄ Subject classification

Economics and Business
Social Sciences


Publication identifier

DOI: https://doi.org/10.1016/j.econlet.2006.12.003

Permanent link to this page (URI)

https://res.slu.se/id/publ/15189