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dc.contributor.authorLundgren, Tommyen_NZ
dc.date.available2011-04-07T03:06:36Z
dc.date.copyright2005-08en_NZ
dc.identifier.citationLundgren, T. (2005). Measuring regional welfare considering natural and cultural resources (Economics Discussion Papers Series No. 510). University of Otago. Retrieved from http://hdl.handle.net/10523/1112en
dc.identifier.urihttp://hdl.handle.net/10523/1112
dc.description.abstractThe aim of this paper is to explore some of the theoretical aspects of measuring welfare in regional economies using a simple dynamic growth model. The focus is on natural and cultural resources, which are treated as capital stocks in the analysis. We use the concept of a social accounting matrix (SAM) to illustrate how the addition of income flows and net changes of various natural and cultural resources can be incorporated into a measure of welfare that is more complete compared to the standard net regional product/income. Furthermore, we propose how the set a theoretically “optimal” subsidy to compensate a cultural sector – in our example engaged in the pastoral activity of reindeer herding - for maintaining and upholding a cultural heritage.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/DP_0510.pdfen_NZ
dc.subjectcapital theoryen_NZ
dc.subjectcultural capitalen_NZ
dc.subjectdynamic economyen_NZ
dc.subjectnatural capitalen_NZ
dc.subjectSAMen_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleMeasuring regional welfare considering natural and cultural resourcesen_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages26en_NZ
otago.date.accession2006-02-03en_NZ
otago.schoolEconomicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints212en_NZ
otago.school.eprintsEconomicsen_NZ
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otago.relation.number510en_NZ
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