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The current short note suggests an alternative measure for economic growth, which is based on consumer welfare instead of per capita income. It suggests that this measure can be better applied to economies with certain characteristics.

Item Type: MPRA Paper -

Original Title: On the measurement of growth-

Language: English-

Keywords: economic growth-

Subjects: E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E10 - GeneralE - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E20 - General-

Autor: Babutsidze, Zakaria

Fuente: https://mpra.ub.uni-muenchen.de/9619/

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