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Economic Growth and Subjective Well-Being : Reassessing the Easterlin Paradox
Stevenson, Betsey - 2008
The "Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...
Persistent link: https://www.econbiz.de/10012464364
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Population and Welfare : The Greatest Good for the Greatest Number
Adhami, Mohamad; Bils, Mark; Jones, Charles I.; Klenow, … - National Bureau of Economic Research - 2023
the world averages more than 6% per year since 1960 as opposed to 2% per year for consumption growth. Countries such as … Mexico and South Africa rise sharply in the growth rankings, whereas China, Germany, and Japan plummet. These results are …
Persistent link: https://www.econbiz.de/10014447320
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Measuring Economic Growth from Outer Space
Henderson, J. Vernon - 2009
growth to augment existing income growth measures, under the assumption that measurement error in using observed light as an … indicator of income is uncorrelated with measurement error in national income accounts. For countries with good national income … official data. Lights data also allow for measurement of income growth in sub- and supranational regions. As an application, we …
Persistent link: https://www.econbiz.de/10012463450
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Beyond GDP? Welfare across Countries and Time
Jones, Charles I. - 2010
We propose a summary statistic for the economic well-being of people in a country. Our measure incorporates consumption, leisure, mortality, and inequality, first for a narrow set of countries using detailed micro data, and then more broadly using multi-country data sets. While welfare is highly...
Persistent link: https://www.econbiz.de/10012462304
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Has Creative Destruction Become More Destructive?
Komlos, John - 2014
Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with the...
Persistent link: https://www.econbiz.de/10012458287
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Estimating real production and expenditures across nations : a proposal for improving the Penn world tables
Feenstra, Robert C. (contributor) - 2004
"In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...
Persistent link: https://www.econbiz.de/10010522867
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Estimating Real Production and Expenditures Across Nations : A Proposal for Improving the Penn World Tables
Feenstra, Robert C. - 2004
In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...
Persistent link: https://www.econbiz.de/10012467823
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The Digital Welfare of Nations : New Measures of Welfare Gains and Inequality
Brynjolfsson, Erik; Collis, Avinash; Liaqat, Asad; … - National Bureau of Economic Research - 2023
Digital goods can generate large benefits for consumers, but these benefits are largely unmeasured in the national accounts, including GDP and productivity. In this paper, we measure welfare gains from 10 popular digital goods across 13 countries by conducting large-scale incentivized online...
Persistent link: https://www.econbiz.de/10014372427
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Aging, Output Per Capita and Secular Stagnation
Eggertsson, Gauti B. - 2018
This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017) that show positive correlation between measures of population aging and per-capita output...
Persistent link: https://www.econbiz.de/10012480557
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Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W. - 2010
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …
Persistent link: https://www.econbiz.de/10012462215