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