Building Indicators for Inclusive Growth and its Sustainability: What Can the National Accounts Offer and How Can They Be Supplemented?

Construire des indicateurs de la croissance inclusive et de sa soutenabilité: que peuvent offrir les comptes nationaux et comment les compléter ?

Didier Blanchet () and Marc Fleurbaey ()
Additional contact information
Didier Blanchet: INSEE - Institut national de la statistique et des études économiques (INSEE)
Marc Fleurbaey: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - ENPC - École nationale des ponts et chaussées - IP Paris - Institut Polytechnique de Paris

PSE-Ecole d'économie de Paris (Postprint) from HAL

Abstract: How can the national accounts be linked to the objective of obtaining an inclu‑ sive measurement of growth, integrating distributional issues and all determining factors of well‑being, in both the short and long term? The accounts offer measurements of real income that have undeniable connections with the quantification of current well‑being, but they ignore the non‑monetary factors of such well‑being and they do not allow for evaluation of its sustai‑ nability. We present a way of dealing with the first limitation, the notion of equivalent income. It fits well with the accounts approach, it has relatively strong normative justifications and it lends itself well to the micro‑macro bridging exercises needed to evaluate inequalities. Creating overall measurements of sustainability seems much more problematic, as it is impossible to do so without projection models that go far beyond the framework of current statistical output.

Keywords: national accounts; sustainability; equivalent income; inclusive growth; comptes nationaux; croissance inclusive; revenu équivalent; soutenabilité (search for similar items in EconPapers)
Date: 2020
Note: View the original document on HAL open archive server: https://insee.hal.science/hal-05269528v1
References: Add references at CitEc
Citations:

Published in Economie et Statistique / Economics and Statistics, 2020, 517-518-519, pp.9 - 24. ⟨10.24187/ecostat.2020.517t.2020⟩

Downloads: (external link)
https://insee.hal.science/hal-05269528v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:hal-05269528

DOI: 10.24187/ecostat.2020.517t.2020

Access Statistics for this paper

More papers in PSE-Ecole d'économie de Paris (Postprint) from HAL
Bibliographic data for series maintained by Caroline Bauer ().