Is GDP a Relevant Social Welfare Indicator? A Savers–Spenders Theory Approach

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2016-10-19 DOI:10.1111/jere.12116

Emmanuel Thibault

引用次数: 0

Abstract

The use of GDP as the main index of progress and welfare of a country has been the subject of a long debate among economists. Using and extending the savers–spenders theory, we analyse the theoretical relationship between GDP and the welfare of a society. This analysis is undertaken using several different overlapping generations models which all take into account the great heterogeneity of consumer behaviour observed in the data (different labour supply choices, different degrees of altruism and/or different degrees of impatience to consume). The results indicate that GDP (per capita) is often a relevant index and is always a decent social welfare indicator.

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GDP是相关的社会福利指标吗?储蓄者-消费者理论方法

使用GDP作为一个国家进步和福利的主要指标一直是经济学家长期争论的主题。本文运用并扩展了储蓄者-消费者理论，分析了GDP与社会福利之间的理论关系。这种分析是使用几个不同的重叠代模型进行的，这些模型都考虑到数据中观察到的消费者行为的巨大异质性(不同的劳动力供应选择，不同程度的利他主义和/或不同程度的消费不耐烦)。结果表明，国内生产总值(人均)往往是一个相关的指标，总是一个体面的社会福利指标。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.