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This important book presents fresh thinking and new results on the measurement of sustainable development. Economic … relevant theory is presented briefly, the chief emphasis is on empirical measurement of the change in real wealth: this measure …
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Proposed alternatives to GDP as a measure of social welfare or human progress are briefly evaluated. Four main categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings/investments and composite indexes. All these alternatives turn...
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. This entry also briefly discusses: recent history of well-being measurement; what makes people better off in theory; the …
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Nighttime lights data are a measure of economic activity whose measurement error is plausibly independent of the errors … Penn World Tables (PWT) and of the World Development Indicators (WDI) better estimate true income per capita. We find that … constant-price series in both PWT 8.0 and PWT 8.1, the two most recent vintages of the PWT. We additionally find that the World …
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