We show that instantaneous increases in real NNP over time are an accurate indicator of true dynamic welfare improvements. This highlights a connection between the theory of green (or comprehensive) national income accounting and the theory of real price indices. (C) 2001 Elsevier Science BY All rights reserved.
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Dasgupta P., 2000, ENVIRON DEV ECON, V5, P69, DOI DOI 10.1017/S1355770X00000061