Economic Welfare Measurements and Human Well-Being.
GDP per head is not only an economic indicator, but is widely used as a welfare indicator. This use not well founded in economic theory. The paper compares income per head with a three groups of alternative indicators: 'extended national accounts', social indicators, and indicators of subj...
| Hlavní autor: | |
|---|---|
| Médium: | Working paper |
| Jazyk: | English |
| Vydáno: |
Nuffield College (University of Oxford)
2000
|
| Shrnutí: | GDP per head is not only an economic indicator, but is widely used as a welfare indicator. This use not well founded in economic theory. The paper compares income per head with a three groups of alternative indicators: 'extended national accounts', social indicators, and indicators of subjective well-being. All of these methods indicate a decline in the welfare productivity of GDP goods over time. |
|---|