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Fisher, Lindahl, and Hicks on Income: A Modern Analysis
Dalarna University, School of Technology and Business Studies, Economics.
2006 (English)In: The Theory and Practice of Environmental and Resource Economics – Essays in Honour of Karl-Gustaf Löfgren, Cheltenham, UK and Northampton, MA, USA: Edward Elgar , 2006Chapter in book (Other academic)
Abstract [en]

The increased concern for sustainable development in recent years has spurred renewed interest in the concept of economic income. In this paper, we attempt to provide a modern version of the concept defined by Fisher, Lindahl and Hicks based on a multi-sector optimal growth model. In paricular, we show that the the linearized Hamiltonian as a comprehensive net national product measure is indeed the return to capital when the linearization is conducted with respected to the right variables. This is in line with the conjecture by Solow in his keynote speech at the 40th anniversary of the Resources for the Future.

Place, publisher, year, edition, pages
Cheltenham, UK and Northampton, MA, USA: Edward Elgar , 2006.
Series
New horizons in environmental economics
Keywords [en]
Comprehensive (green) NNP, sustainable income, welfare measurement
Identifiers
URN: urn:nbn:se:du-2408ISBN: 1-84542-649-5 (print)OAI: oai:dalea.du.se:2408DiVA, id: diva2:520883
Available from: 2006-12-06 Created: 2006-12-06 Last updated: 2012-04-24Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
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  • Other style
More styles
Language
  • de-DE
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  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
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Output format
  • html
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  • asciidoc
  • rtf