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Consultancy report

This report by W. Erwin Diewert and Denis Lawrence, (Meyrick and Associates) was released on 28 March 2006. The Commission engaged the authors to undertake research that would:

  • identify and implement improvements in practical welfare measurement beyond the conventional average income or GDP per capita measure
  • gauge the welfare contributions of productivity and the terms of trade.

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Contents

Preliminaries
Cover, Copyright, Foreword, Contents, About the Authors, Executive Summary

1   Introduction

2   The production theory framework

3   The translog GDP function approach

4   The translog GDP function approach and changes in the terms of trade

5   The first order approximation nonparametric approach

6   Deflated GDP translog approach for Australia

7   Deflated GDP first order approximation approach for Australia

8   The deflated NDP translog approach

9   Deflated NDP average of first order approximations approach

10   Conclusions

Appendix A   Diewert-Lawrence database

References