Abstract
What is the income of each sector of an economy? E.g., in the case of a country endowed with petroleum resources, what is the income of its petroleum sector? Here we present a definition of sectoral income, which is compatible with an important line of theoretical literature on comprehensive national accounting. We do so first by splitting national income into individual income and then defining sectoral income by considering the contributions to individual income that the sectors give rise to.
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Acknowledgments
We are grateful for comments by an anonymous referee, Kjell Arne Brekke, James Sefton and Martin Weale as well as participants at the Ulvön Conference on Environmental Economics, in particular Karl-Gustaf Löfgren and Martin Weitzman. Asheim thanks the hospitality of Cornell University where this research was initiated.
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Open Access This is an open access article distributed under the terms of the Creative Commons Attribution Noncommercial License (https://creativecommons.org/licenses/by-nc/2.0), which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited.
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Asheim, G.B., Wei, T. Sectoral Income. Environ Resource Econ 42, 65–87 (2009). https://doi.org/10.1007/s10640-008-9204-1
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DOI: https://doi.org/10.1007/s10640-008-9204-1