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We try to build a macroeconomic index, that includes some non-market variables, to be compared to the traditional GDP … optimisation to rigorously derive an index that can be used to evaluate small projects and their contribution to well being … "welfare" as compared to GDP. Our work falls in the third category. We start from the Index of Sustainable Economic Welfare …
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The Index of Sustainable Economic Welfare (ISEW) is supposed to provide a more reliable indictor for both …
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