Beyond GDP indicators: A tension between powerful stakeholders and transformative potential?
Olivier Malay ()
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Olivier Malay: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) and Hoover Chair of Economic and Social Ethics
No 2017018, Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)
The last four decades have seen a proliferation of new indicators aiming to challenge GDP. But do they really produce new outcomes? By observing the rankings they produce (compared to those produced by GDP), the potential of 6 Beyond GDP indicators for indicating a way towards a better society has been examined. The conclusion is reached that rankings from indicators supported by powerful stakeholders are highly correlated with rankings according to GDP, demonstrating a low transformative potential.
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