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Tinbergen & Hueting (1991) provide an approach to the economics of ecological survival that still is unsurpassed. Various “green GDPs” have been proposed such as ISEW, Ecological Footprint, Genuine Savings and Genuine Progress Indicator, and lately there is an increased interest in happiness...
Persistent link: https://www.econbiz.de/10005789764
Roefie Hueting (1929), recently turned 78 years of age, has been working on the subject of economics and the environment since around 1965. Seminal results are his notion of environmental functions (WWF, 1969), his Ph.D. thesis “New Scarcity and Economic Growth. More welfare through less...
Persistent link: https://www.econbiz.de/10005836132
This paper explains the early U.S. Department of Commerce estimates of national income and product during the 1930s and 1940s, focusing on how both economic theory and the needs of policymakers influenced the methods and concepts used. The paper explores the debate between Simon Kuznets, author...
Persistent link: https://www.econbiz.de/10011257743
The estimates of economic development in the countries of the socialist block were carried out in the framework of the so-called Material Product System (MPS). At that time the product was perceived more narrowly than today´s gross domestic product (GDP). It included only the material goods and...
Persistent link: https://www.econbiz.de/10011195255
This paper reconstructs GDP from the output side for medieval and early modern Britain. In contrast to the long run stagnation of living standards suggested by daily real wage rates, output-based GDP per capita exhibits modest but positive trend growth. One way of reconciling the two series is...
Persistent link: https://www.econbiz.de/10010539701
We consider the cyclical properties of the German economy prior and after reunification in 1990 from the perspective of a real business cycle model. The model provides the framework for the selection and consistent measurement of the variables whose time series properties characterize the cycle....
Persistent link: https://www.econbiz.de/10010859383
The Stern Review (2006) on the economics of climate change presented a cost estimate of perhaps even 20% of national income and subsequently was criticized by Weitzman and Nordhaus and others in a discussion that centered on the use of the calculus of variations and the choice of the proper rate...
Persistent link: https://www.econbiz.de/10005620164
Many factors inhibiting and facilitating economic growth have been suggested. Can agnostics rely on international income data to tell them which matter? We find that agnostic priors lead to conclusions that are sensitive to differences across available income estimates. For example, the PWT 6.2...
Persistent link: https://www.econbiz.de/10005704925
There is no shortage of opinions and discussion about recent productivity growth trends. In contrast, relatively little attention is paid to the degree of uncertainty surrounding recent estimates of such growth trends. This paper makes two contributions to the scant body of research that...
Persistent link: https://www.econbiz.de/10005706258
This note provides detailed information on the CPB world trade series and gives a comparison of these series with those of international organisations. <span style="color: #000000;">The series also play a vital role in the projections of the Dutch economy as the </span><span style="color: #000000;">forecast of export market growth has a major influence on the...</span>
Persistent link: https://www.econbiz.de/10005708050