منابع مشابه
Beyond GDP? Welfare across Countries and Time
We propose a simple summary statistic for a nation’s flow of welfare, measured as a consumption equivalent, and compute its level and growth rate for a broad set of countries. This welfare index combines data on consumption, leisure, inequality, and mortality. Although the index is highly correlated with per capita GDP, deviations are often economically significant: Western Europe looks conside...
متن کاملMeasuring Welfare beyond GDP – ‘Objective’ and ‘Subjective’ Indicators in Sweden, 1968–2015
This article analyses a series of negotiations on how to measure welfare and quality of life in Sweden beyond economic indicators. It departs from a 2015 Government Official Report that advanced a strong recommendation to measure only ‘objective indicators’ of quality of life, rather than relying on what is referred to as ‘subjective indicators’ such as life satisfaction and happiness. The asse...
متن کاملIs the GDP Growth Rate in NIPA a Welfare Measure?
The permanent decline of equipment prices relative to nondurable consumption prices rendered fixed-base quantity indexes obsolete, because of the well-known substitution bias. National Income and Product Accounts (NIPA) responded by switching to a flexible-base quantity index to measure GDP growth. We argue this is a welfare measure of output growth. In a two-sector endogenous growth model, we ...
متن کاملMeasuring New Zealand’s GDP 1865-1933: A Cointegration- Based Approach
Official and semi-official estimates of New Zealand’s national income are available on an annual basis for the years since 1932. Retrospective, non-official, estimates are available from 1859. Chiefly these are constructed following Doblin’s (1951) pioneering use of money stock data, velocity, and the implications of the Quantity Theory of Money, and include the estimates of Hawke (1975), Ranki...
متن کاملChain-weighting: The New Approach to Measuring GDP
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) is changing its method of measuring the growth of the U.S. economy. Shifts in the structure of the economy—particularly the spectacular fall in computer prices—have meant that BEA’s traditional “fixed-base-year” method of tracking the nation’s gross domestic product (GDP) has tended to overstate growth in recent years. As a res...
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ژورنال
عنوان ژورنال: Valuation Studies
سال: 2020
ISSN: 2001-5992
DOI: 10.3384/vs.2001-5992.17517