In the presence of technological change, output and consumption could rise, and thus intertemporal social welfare V could increase, even if aggregate investment in terms of manufactured, human and natural capital were negative. How can we take such changes into account in assessing changes in intertemporal social welfare, V?.
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)