Framing Measurement Beyond GDP

Paul Schreyer
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Paul Schreyer: OECD Statistics and Data Directorate

No WP172021, CEPA Working Papers Series from University of Queensland, School of Economics

Abstract: While the Beyond GDP agenda has been with us for some time, it has come centre stage in the Covid crisis. The idea of building back a greener, more inclusive, more resilient economy resonates well with measurement e orts beyond GDP. But the eld of potential indicators is vast and measurement choices need some structure. We present a measurement framework that distinguishes between the production sphere, the well-being sphere and the asset sphere. GDP remains a cornerstone of the production sphere but is not suited to capture people's well-being, or sustainability of produced and natural assets. As one moves beyond GDP, however, ambitions for a single-valued aggregate have to be scaled down in favour of pragmatic choices for indicators.

Keywords: Beyond GDP; green accounting; national accounts; well-being (search for similar items in EconPapers)
Date: 2021-11
New Economics Papers: this item is included in nep-env, nep-hap, nep-hme and nep-mac
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:qld:uqcepa:171

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