Framing Measurement Beyond GDP

Paul Schreyer ()
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Paul Schreyer: OECD

Chapter Chapter 9 in Advances in Economic Measurement, 2022, pp 389-412 from Springer

Abstract: Abstract While the Beyond GDP agenda has been with us for some time, it has come centre stage in the COVID-19 crisis. The idea of building back a greener, more inclusive, more resilient economy resonates well with measurement efforts beyond GDP. But the field of potential indicators is vast, and measurement choices need some structure. Schreyer presents a measurement framework and 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: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-2023-3_9

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DOI: 10.1007/978-981-19-2023-3_9

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