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 OECD Reviews of Risk Management Policies: Italy 2010 by Collectif
Cover of the book The Economic Impact of Export Restrictions on Raw Materials by Collectif
Cover of the book Comptes nationaux des pays de l'OCDE, Volume 2011 Numéro 1 by Collectif
Cover of the book Comment les immigrés contribuent à l'économie des pays en développement by Collectif
Cover of the book Second Public Procurement Review of the Mexican Institute of Social Security (IMSS) by Collectif
Cover of the book OECD Economic Outlook, Volume 2016 Issue 2 by Collectif
Cover of the book OECD Economic Surveys: United Kingdom 2009 by Collectif
Cover of the book Agricultural Policies in OECD Countries 2010 by Collectif
Cover of the book Administrative Simplification in Viet Nam by Collectif
Cover of the book OECD Environmental Performance Reviews: Peru 2017 by Collectif
Cover of the book Preventing Violence, War and State Collapse by Collectif
Cover of the book Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Germany 2011 by Collectif
Cover of the book Innovation, Agricultural Productivity and Sustainability in Korea by Collectif
Cover of the book Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Mauritius 2011 by Collectif
Cover of the book Taxation and Skills 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