Arbeitspapier

Evaluating Alternatives to GDP as Measures of Social Welfare/Progress

Proposed alternatives to GDP as a measure of social welfare or human progress are briefly evaluated. Four main categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings/investments and composite indexes. All these alternatives turn out to suffer from various shortcomings. Nevertheless, several of them represent a considerable improvement over GDP information in approximating social welfare. This gives support to the idea that we should not wait to give less importance and attention to GDP (per capita) information in public decision-making until a perfect alternative indicator is available.

Sprache
Englisch

Erschienen in
Series: WWWforEurope Working Paper ; No. 56

Klassifikation
Wirtschaft
Welfare Economics: General
Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
Macroeconomic Analyses of Economic Development
Thema
Composite indicators
economic growth
externalities
genuine savings
green GDP
happiness
informal sector
information failure
ISEW
status goods
sustainable income

Ereignis
Geistige Schöpfung
(wer)
van den Bergh, Jeroen
Antal, Miklós
Ereignis
Veröffentlichung
(wer)
WWWforEurope
(wo)
Vienna
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • van den Bergh, Jeroen
  • Antal, Miklós
  • WWWforEurope

Entstanden

  • 2014

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