Li, Chuan-Zhong; Löfgren, Karl-Gustaf - Institutionen för Nationalekonomi, Umeå Universitet - 2004
We show that growth in NNP measured in constant prices indicates welfare improvement, provided that an observable rate of return measure is positive. This is an <p> alternative welfare interpretation of growth in comprehensive NNP compared with <p> that of Asheim and Weitzman (2001, this journal)...</p></p>