Article thumbnail
Location of Repository

Growth Rates Of Per-Capita Income And Aggregate Welfare: An International Comparison

By Nanak Kakwani

Abstract

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

DOI identifier: 10.1162/003465397556782
OAI identifier:
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://www.mitpressjournals.or... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.