Growth Rates of Per-Capita Income and Aggregate Welfare: An International Comparison
研究总体增长率的测度方法，指出常用机械计算程序隐含的福利判断问题，并提出一种能捕捉福利函数本质属性的新方法，应用于83个发展中国家1970-1987年人均GNP增长率的分析。
This paper is concerned with the measurement of aggregate growth rates, where the aggregation is over time. The paper demonstrates that any mechanical procedures for computing aggregate growth rate has welfare implications, and value judgments implicit in various commonly used procedures are not appealing. A new procedure suggested in the paper captures all the essential properties of a welfare function. The methodology of the paper is applied to an analysis of growth rates of per capita GNP of 83 developing countries during the 1970-1987 period. © 1997 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology