Social Accounting and Welfare Measurement in a Growth Model with Human Capital
研究了人力资本作为生产外部性时，社会核算与福利度量的方法，发现扩展的国民净产品是合适的福利指标，并讨论了实现最优的税收转移体系。
This paper addresses social accounting and welfare measurement in an economy where human capital is an important factor in the economic system. Human capital accumulation depends on the time consumers spend in education. However, human capital is also a separate argument in the production function facing firms, which gives rise to a production externality. In a command optimum, where the externality is internalized, the authors show that an augmented net national product measure is the appropriate welfare indicator. They also discuss the tax-transfer system required for the decentralized economy to reach a command optimum. Copyright 1996 by The editors of the Scandinavian Journal of Economics.