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ON OUTPUT OF THE SWEDISH EDUCATION SECTOR: ADDITIONAL REMARKS
Author(s) -
Aronsson Thomas,
Löfgren KarlGustaf,
Marklud PreOlov
Publication year - 1999
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1999.tb00365.x
Subject(s) - economics , welfare , national income and product accounts , public economics , product (mathematics) , macroeconomics , measure (data warehouse) , sector model , national accounts , econometrics , mathematics , market economy , computer science , agriculture , ecology , geometry , database , biology
The main purpose of this paper is to relate the empirical attempt of measuring output from the education sector to theoretical results about the welfare significance of an extended net national product (NNP) measure. We show that economic theory provides a more focused way of interpreting such output estimates, which has not been recognized in previous studies. The paper also contains new estimates of the output from the Swedish education sector.