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Welfare measurement and the national accounts. ESRI Memorandum Series 109

Kennedy, Kieran A. (1975) Welfare measurement and the national accounts. ESRI Memorandum Series 109. [Policy Paper]

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    The stated objective of the author is "to lay a bridge between income accounting and welfare theory". There are two contrasting ways of pursuing this objective. The first, in the realm of pure theory, examines the relationship between welfare and hypothetical, perfect measures of national product, while the second lies in the domain of national income accounting with attempts to redefine concepts, extend data coverage and improve measurement. Professor Romans’s attempt at bridge-building begins in the realm of theory with the construction of a welfare maximisa tion model designed to establish the conditions in which it can be asserted without ambiguity that net national product and welfare are moving in the same direetion.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > social policy > welfare state
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Memorandum Series
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 19 Dec 2018 09:52
    Number of Pages: 5
    Last Modified: 07 Mar 2019 17:08

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