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Fisher, Lindahl, and Hicks on Income: A Modern Analysis
Högskolan Dalarna, Akademin Industri och samhälle, Nationalekonomi.
2006 (engelsk)Inngår i: The Theory and Practice of Environmental and Resource Economics – Essays in Honour of Karl-Gustaf Löfgren, Cheltenham, UK and Northampton, MA, USA: Edward Elgar , 2006Kapittel i bok, del av antologi (Annet vitenskapelig)
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.

sted, utgiver, år, opplag, sider
Cheltenham, UK and Northampton, MA, USA: Edward Elgar , 2006.
Serie
New horizons in environmental economics
Emneord [en]
Comprehensive (green) NNP, sustainable income, welfare measurement
Identifikatorer
URN: urn:nbn:se:du-2408ISBN: 1-84542-649-5 (tryckt)OAI: oai:dalea.du.se:2408DiVA, id: diva2:520883
Tilgjengelig fra: 2006-12-06 Laget: 2006-12-06 Sist oppdatert: 2012-04-24bibliografisk kontrollert

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