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Why Gross National Disposable Income Should Replace Gross National Income
- Source :
- Development and Change. 47:223-239
- Publication Year :
- 2016
- Publisher :
- Wiley, 2016.
-
Abstract
- Unilateral transfers, and notably remittances, are a growing source of income for developing countries. However, Gross National Income (GNI), which is widely used as an indicator for living standards, does not record them. Gross National Disposable Income (GNDI), by contrast, includes both income and unilateral transfers, thus providing a more exhaustive account of people's available income in an open economy. Yet, GNDI is rarely available in major reports and is sometimes confused with the GNI. This article calculates the GNDI for 27 countries amongst the world's top remittance receivers and demonstrates the usefulness of this measure for analysis and policy making in developing countries. The article also provides some critical insights into the role of income and unilateral transfers in the balance of payments.
- Subjects :
- Net national income
Comprehensive income
Public economics
050204 development studies
05 social sciences
Measures of national income and output
Gross income
Development
Adjusted gross income
Income in kind
Gross domestic income
Gross national income
0502 economics and business
Development economics
Economics
050207 economics
Subjects
Details
- ISSN :
- 0012155X
- Volume :
- 47
- Database :
- OpenAIRE
- Journal :
- Development and Change
- Accession number :
- edsair.doi...........e3f7b1421be5d35fb56c1c94e3b3817b