When comparing poverty across distributions, an analyst must select a poverty line to identify the poor, an equivalence scale to compare individuals from households of different compositions and sizes, and a poverty index to aggregate individual deprivation into an index of total poverty. A...

This paper establishes the theoretically appropriate definition and treatment of capital gains and depletion. Failure to distinguish capital gains on natural assets from depletion causes NNP to me mismeasured. For resource rich countries this can lead to large spurious fluctuations in NNP. In...

The effect of money on output has been changing during the past two decades. This paper attempts to examine the money-income relationship in Australia and the United States during the period of the 1960s-1990s as well as the 1960s-1970s. The empirical findings of the study, based on variance...