|   | 
Author (up) Amavilah, V.H.
Title Artificial nighttime lights and the “real” well-being of nations : “Measuring economic growth from outer space” and welfare from right here on Earth Type Journal Article
Year 2018 Publication Journal of Economics and Political Economy Abbreviated Journal
Volume 5 Issue 2 Pages 209-218
Keywords Economics; Remote Sensing
Abstract GDP remains too much of an imprecise measure of the standard of living. There

is a need for either substitutes or complements. Nighttime lights are a reasonable indicator of the extent, scale, and intensity of socio-economic activities, but a poor measure of national welfare. However, if nighttime lights are understood to constitute externalities, then their effects can be used to adjust measured growth for welfare. From that angle, nighttime lights appear to exert sub-optimal positive externalities in developing countries, and supra-optimal negative externality in developed countries. This means that even if we assume equal growth rates in developing and developed countries, welfare is enhanced by increasing nighttime lights in developing countries and reduced by increasing nighttime lights in developed countries.
Corporate Author Thesis
Publisher Place of Publication Editor
Language English Summary Language Original Title
Series Editor Series Title Abbreviated Series Title
Series Volume Series Issue Edition
Area Expedition Conference
Notes Approved no
Call Number NC @ ehyde3 @ Serial 2099
Permanent link to this record