Beyond GDP

Measuring What Counts for Economic and Social Performance

Business & Finance, Economics
Cover of the book Beyond GDP by Collectif, OECD
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Collectif ISBN: 9789264309166
Publisher: OECD Publication: November 27, 2018
Imprint: OECD Language: English
Author: Collectif
ISBN: 9789264309166
Publisher: OECD
Publication: November 27, 2018
Imprint: OECD
Language: English

Metrics matter for policy and policy matters for well-being. In this report, the co-chairs of the OECD-hosted High Level Expert Group on the Measurement of Economic Performance and Social Progress, Joseph E. Stiglitz, Jean-Paul Fitoussi and Martine Durand, show how over-reliance on GDP as the yardstick of economic performance misled policy makers who did not see the 2008 crisis coming. When the crisis did hit, concentrating on the wrong indicators meant that governments made inadequate policy choices, with severe and long-lasting consequences for many people. While GDP is the most well-known, and most powerful economic indicator, it can’t tell us everything we need to know about the health of countries and societies. In fact, it can’t even tell us everything we need to know about economic performance. We need to develop dashboards of indicators that reveal who is benefitting from growth, whether that growth is environmentally sustainable, how people feel about their lives, what factors contribute to an individual’s or a country’s success. This book looks at progress made over the past 10 years in collecting well-being data, and in using them to inform policies. An accompanying volume, For Good Measure: Advancing Research on Well-being Metrics Beyond GDP, presents the latest findings from leading economists and statisticians on selected issues within the broader agenda on defining and measuring well-being.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Metrics matter for policy and policy matters for well-being. In this report, the co-chairs of the OECD-hosted High Level Expert Group on the Measurement of Economic Performance and Social Progress, Joseph E. Stiglitz, Jean-Paul Fitoussi and Martine Durand, show how over-reliance on GDP as the yardstick of economic performance misled policy makers who did not see the 2008 crisis coming. When the crisis did hit, concentrating on the wrong indicators meant that governments made inadequate policy choices, with severe and long-lasting consequences for many people. While GDP is the most well-known, and most powerful economic indicator, it can’t tell us everything we need to know about the health of countries and societies. In fact, it can’t even tell us everything we need to know about economic performance. We need to develop dashboards of indicators that reveal who is benefitting from growth, whether that growth is environmentally sustainable, how people feel about their lives, what factors contribute to an individual’s or a country’s success. This book looks at progress made over the past 10 years in collecting well-being data, and in using them to inform policies. An accompanying volume, For Good Measure: Advancing Research on Well-being Metrics Beyond GDP, presents the latest findings from leading economists and statisticians on selected issues within the broader agenda on defining and measuring well-being.

More books from OECD

Cover of the book Jobs for Youth/Des emplois pour les jeunes: Greece 2010 by Collectif
Cover of the book Revenue Statistics: 1965-2016 by Collectif
Cover of the book The Economic Impact of Export Restrictions on Raw Materials by Collectif
Cover of the book Les grandes mutations qui transforment l'éducation 2010 by Collectif
Cover of the book The Call for Innovative and Open Government by Collectif
Cover of the book Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: The Bahamas 2011 by Collectif
Cover of the book Examen multidimensionnel de la Côte d'Ivoire by Collectif
Cover of the book Rethinking e-Government Services by Collectif
Cover of the book OECD Economic Surveys: Slovenia 2009 by Collectif
Cover of the book OECD Reviews of School Resources: Denmark 2016 by Collectif
Cover of the book Driving Performance at Ireland's Commission for Regulation of Utilities by Collectif
Cover of the book OECD Economic Surveys: Costa Rica 2018 by Collectif
Cover of the book OECD Economic Surveys: New Zealand 2017 by Collectif
Cover of the book Études économiques de l'OCDE : Suisse 2017 by Collectif
Cover of the book Regions Matter by Collectif
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy