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A utilitarian measure of economic growth combines changes in the distribution of income with changes in real income per person to show how much better off people are becoming over time. It is the rate of growth of the dollar value of average utility of income. As such , it is seen differently by...
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In this chapter, we review the concept of national income and the economic theory of national income accounting. There are two building blocks – the ideas of Fisher, Lindahl, Hicks about income as an expenditure level that can be continued into the future, and the concept of income as a...
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Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated, and valuations of financial assets follow international patterns, which has contributed to large increases in financial wealth over the past 25 years. Nonetheless, this has not...
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The paper provides an examination of interwar Latvia's national accounts, checking their usability for estimating interwar economic growth performance. According to the authoritative account of Roses and Wolf [(2010). Aggregate growth, 1913-1950. In S. Broadberry, & K. H. O'Rourke (Eds.), The...
Persistent link: https://www.econbiz.de/10014319305
Part I: Economic and Environmental Aspects of Conservation Capital -- Chapter 1. The Role of Conservation Capital in Developing Economies: A Static General Equilibrium Analysis with Dynamics (Tonmoy Chatterjee) -- Chapter 2. Generating Appropriate Policies to Minimize Environmental Pollution in...
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We explore the economic implications of the possible accession of Croatia to the European Union. We focus on two main … changes associated with the EU-membership: accession to the internal European Market and institutional reforms in Croatia … triggered by the EU-membership. consumption per capita in Croatia is estimated to rise by about 2.5% as a result of accession to …
Persistent link: https://www.econbiz.de/10010295263