A General Approach to Welfare Measurement through National Income Accounting*
提出一个基于显示性福利的国民收入核算分析框架,涵盖折现功利主义和最大最小准则,证明实际国民生产净值增长在更广泛条件下指示福利改善,并用资本积累与资源耗竭模型展示其应用。
Abstract A framework is developed for analyzing national income accounting using a revealed welfare approach that is sufficiently general to cover, both the standard discounted utilitarian and maximin criteria as special cases. We show that the basic welfare properties of comprehensive national income accounting, previously ascribed only to the discounted utilitarian case, extend to this more general framework. In particular, under a wider range of circumstances, it holds that real NNP growth (or, equivalently, a positive value of net investments) indicates welfare improvement. We illustrate the applicability of our approach in the Dasgupta–Heal–Solow model of capital accumulation and resource depletion.