Global welfare comparisons

Author: Asheim, Geir B.

Source: Canadian Journal of Economics, Volume 43, Number 4, November / novembre 2010 , pp. 1412-1432(21)

Publisher: Wiley-Blackwell

Buy & download fulltext article:


Price: $48.00 plus tax (Refund Policy)



To provide a normative foundation for transfers between different economies, one needs information on their ‘per capita welfare.’ This paper considers various methods for doing this and reaches the following conclusions: (i) Such global welfare comparisons are more demanding than usually thought. (ii) The ranking of methods differs from that of local (over-time) comparisons, with real comprehensive per capita NNP being the least impractical method. The lesson is that global welfare comparisons should be performed with great care. The comparisons must be made in local real prices calculated according to ‘purchasing-power-parity,’ where non-traded environmental amenities play an important role.

Keywords: D60; D90; O47

Document Type: Research Article


Affiliations: Department of Economics, University of Oslo

Publication date: November 1, 2010

Related content



Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content

Text size:

A | A | A | A
Share this item with others: These icons link to social bookmarking sites where readers can share and discover new web pages. print icon Print this page