Measuring Progress Gross Domestic Product Gdp And Alternative Indicators In The Context Of Sustainable Development

Author : Theresa Klein
Publisher : GRIN Verlag
Page : 62 pages
File Size : 45,9 Mb
Release : 2021-07-19
Category : Business & Economics
ISBN : 9783346440518

Get Book

Measuring progress. Gross Domestic Product (GDP) and alternative indicators in the context of sustainable development by Theresa Klein Pdf

Bachelor Thesis from the year 2021 in the subject Economics - Other, grade: 1,3, University of Applied Sciences Dortmund, language: English, abstract: Do well-known indicators really reflect what they are supposed to? Given today’s challenges regarding society, the environment and the economy, the sustainability of our economic system is questioned. GDP is currently one of the most important indicators of our economy and is considered a proxy of economic health and standard of living of a country. However, the measure poses problems in terms of the appropriate portrayal of genuine progress. This thesis aims at proposing alternative measures which represent sustainable development in an improved way over GDP. Thereby, the economic, social and ecological dimensions of sustainable development form the basis of examination. In the first place, GDP is examined for its suitability as a progress indicator. Its relevance in policy making and reasons for its persistence are worked out. Finally, alternatives which are grouped in adjusting, supplementing and replacing GDP, are presented and examined according to their coverage of the sustainable development dimensions. The examination shows that there are indeed measures which represent genuine progress in a better way. However, those indicators pose drawbacks regarding their methodology, credibility and complexity. Therefore, they cannot sufficiently replace or adjust GDP. Supplementing GDP currently appears to be the most feasible approach since it sets GDP in a more sustainable context without neglecting its benefits.

Author : Philipp Schepelmann,Yanne Goossens,Arttu Maikipaa
Publisher : Unknown
Page : 0 pages
File Size : 55,6 Mb
Release : 2010
Category : Electronic
ISBN : 3929944812

Get Book

Towards Sustainable Development by Philipp Schepelmann,Yanne Goossens,Arttu Maikipaa Pdf

Economic performance of a country is generally being measured through GDP (Gross Domestic Product), a variable that has also become the de facto universal metric for "standards of living". However, GDP does not properly account for social and environmental costs and benefits. It is also difficult to achieve sustainable decision-making aiming at sustainable progress and well-being if welfare is being considered from a purely financial point of view. The study highlights the benefits and some of the shortcomings of GDP. It serves as a helpful and practicable instrument for monetary and fiscal policies. The real problem presumably is that GDP growth is too often confused with (sustainable) welfare growth in people's minds. While there certainly is a correlation between the two, this study shows that this is a highly conditional correlation, void of substantial causality for GDP levels observable in the European Union. In order to be able to assess people's well-being and general sustainable development in the sense of sustainability, an alternative instrument going beyond GDP is necessary. Using so called SWOT analyses, several alternative progress indicators have been assessed in the context of this study. On the one hand it was analysed how far ecological and social factors can be integrated in the GDP measurements. Thereby difficulties arose then trying to monetise these factors. As a further possibility indicators were analysed which are to replace GDP as a whole. The category supplementing GDP seems to be the most realistic and acceptable option for going beyond GDP. Within this approach, GDP is being complemented with additional environmental and/or social information. In order to make this kind of solution feasible the study claims the establishment of an overarching and transparent indicator system for improving economic decision-making in support of sustainable development.

Author : Philipp Schepelmann,Yanne Goossens,Arttu Maikipaa
Publisher : Unknown
Page : 72 pages
File Size : 44,5 Mb
Release : 2010
Category : Electronic
ISBN : OCLC:759527870

Get Book

Towards Sustainable Development by Philipp Schepelmann,Yanne Goossens,Arttu Maikipaa Pdf

Author : OECD
Publisher : OECD Publishing
Page : 420 pages
File Size : 51,5 Mb
Release : 2000-09-04
Category : Electronic
ISBN : 9789264187641

Get Book

Towards Sustainable Development Indicators to Measure Progress (Proceedings of the Rome Conference) by OECD Pdf

The book contains the proceedings of the OECD Conference that was held in Rome in December 1999. It presents the wide range of initiatives and indicators that are already in place, and outlines the challenges that remain in measuring progress towards sustainable development.

Author : Marc Fleurbaey,Didier Blanchet
Publisher : Oxford University Press
Page : 336 pages
File Size : 51,5 Mb
Release : 2013-04-11
Category : Business & Economics
ISBN : 9780199346912

Get Book

Beyond GDP by Marc Fleurbaey,Didier Blanchet Pdf

In spite of recurrent criticism and an impressive production of alternative indicators by scholars and NGOs, GDP remains the central indicator of countries' success. This book revisits the foundations of indicators of social welfare, and critically examines the four main alternatives to GDP that have been proposed: composite indicators, subjective well-being indexes, capabilities (the underlying philosophy of the Human Development Index), and equivalent incomes. Its provocative thesis is that the problem with GDP is not that it uses a monetary metric but that it focuses on a narrow set of aspects of individual lives. It is actually possible to build an alternative, more comprehensive, monetary indicator that takes income as its first benchmark and adds or subtracts corrections that represent the benefit or cost of non-market aspects of individual lives. Such a measure can respect the values and preferences of the people and give as much weight as they do to the non-market dimensions. A further provocative idea is that, in contrast, most of the currently available alternative indicators, including subjective well-being indexes, are not as respectful of people's values because, like GDP, they are too narrow and give specific weights to the various dimensions of life in a more uniform way, without taking account of the diversity of views on life in the population. The popular attraction that such alternative indicators derive from being non-monetary is therefore based on equivocation. Moreover, it is argued in this book that "greening" GDP and relative indicators is not the proper way to incorporate sustainability concerns. Sustainability involves predicting possible future paths, therefore different indicators than those assessing the current situation. While various indicators have been popular (adjusted net savings, ecological footprint), none of them involves the necessary forecasting effort that a proper evaluation of possible futures requires.

Author : Rutger Hoekstra
Publisher : Cambridge University Press
Page : 371 pages
File Size : 41,7 Mb
Release : 2019-05-30
Category : Business & Economics
ISBN : 9781108497336

Get Book

Replacing GDP by 2030 by Rutger Hoekstra Pdf

Proposes an new strategy for the beyond-GDP community which aims to replace the economic paradigm centred on Gross Domestic Product (GDP) by 2030.

Author : U.S. Interagency Working Group on Sustainable Development Indicators
Publisher : Unknown
Page : 150 pages
File Size : 43,5 Mb
Release : 1998
Category : Economic indicators
ISBN : MINN:31951D01633362A

Get Book

Sustainable Development in the United States by U.S. Interagency Working Group on Sustainable Development Indicators Pdf

Author : Stiglitz Joseph E.,Fitoussi Jean-Paul,Durand Martine
Publisher : OECD Publishing
Page : 144 pages
File Size : 50,9 Mb
Release : 2018-11-27
Category : Electronic
ISBN : 9789264307292

Get Book

Beyond GDP Measuring What Counts for Economic and Social Performance by Stiglitz Joseph E.,Fitoussi Jean-Paul,Durand Martine Pdf

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 ...

Author : Anonim
Publisher : World Bank Publications
Page : 122 pages
File Size : 48,5 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 0821339567

Get Book

Expanding the Measure of Wealth by Anonim Pdf

This volume is part of a recently completed research project at the World Bank that reviewed the macroeconomic experience of 18 developing countries from the mid-1960s. The period encompassed two oil shocks, two world recessions, a sharp rise in world interest rates, the debt crisis, and changes in exchange rate regimes. In this context, Colombia provides an almost unparalleled example of steady long-term economic growth despite external shocks, political crises, civil strife, reliance on a single, dominant commodity (coffee), and the rising importance of illicit drugs in the economy. Courting Turmoil and Deferring Prosperity looks at how Colombia managed to avoid major prolonged economic crises against all odds. Its economy has confronted several external and internal shocks from the mid-1960s, mainly due to the country's reliance on exports of coffee, the price volatility of which can greatly affect the economy. The period also witnessed major policy changes, including a long-term shift from an essentially inward-oriented development strategy, based on industrialization through import substitution, to an outward-oriented, export-led strategy. The authors' analysis differs from most existing literature on the Colombian economy in two important ways: it evaluates policy responses to shocks in terms of their success in achieving short-run stabilization, as well as their impact on long-run growth; and it explores the intimate links between economic policies and the specific political and social ideologies, institutions, and structures in Colombia that have historically conditioned government policymaking. The report also highlights the role of prudent macroeconomic policies for crisis avoidance and analyzes the links between fiscal policy, trade policy, and exchange rates.

Author : OECD
Publisher : OECD Publishing
Page : 168 pages
File Size : 50,6 Mb
Release : 2000-02-11
Category : Electronic
ISBN : 9789264180635

Get Book

Frameworks to Measure Sustainable Development An OECD Expert Workshop by OECD Pdf

This volume brings together a number of approaches to measuring sustainable development pursued in academia, national administrations and international organisations, as presented at an expert workshop held at the OECD headquarters in September 1999.

Author : Péter Hardi,Terrence John Zdan,International Institute for Sustainable Development
Publisher : International Institute for Sustainable Development = Institut international du développement durable
Page : 184 pages
File Size : 44,8 Mb
Release : 1997
Category : Business & Economics
ISBN : STANFORD:36105021559781

Get Book

Assessing Sustainable Development by Péter Hardi,Terrence John Zdan,International Institute for Sustainable Development Pdf

Author : Organisation for Economic Co-operation and Development
Publisher : OCDE
Page : 0 pages
File Size : 45,7 Mb
Release : 2015
Category : Economic development
ISBN : 9264234411

Get Book

Towards Green Growth? by Organisation for Economic Co-operation and Development Pdf

"Four Years of the Green Growth Strategy"--Cover.

Author : C. James Hueng
Publisher : W.E. Upjohn Institute
Page : 133 pages
File Size : 45,9 Mb
Release : 2020-09-08
Category : Business & Economics
ISBN : 9780880996761

Get Book

Alternative Economic Indicators by C. James Hueng Pdf

Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.

Author : Simon Bell,Stephen Morse
Publisher : Routledge
Page : 252 pages
File Size : 47,7 Mb
Release : 2012-05-04
Category : Architecture
ISBN : 9781136556012

Get Book

Sustainability Indicators by Simon Bell,Stephen Morse Pdf

Praise for the first edition: 'This book should be of interest to anyone interested in sustainable development, and especially sustainability indicators. Bell and Morse easily succeed in exposing the fundamental paradoxes of these concepts and, more importantly, they offer us a way forward. Readers ... will find their practical recommendations for those attempting to do sustainability analysis in the field most welcome, which is also the book's greatest strength.' Local Environment: The International Journal of Justice and Sustainability 'This book makes a valuable contribution to the theory and practice of using indicators for sustainability. It introduces systems ideas and a range of tools and techniques that have the potential to broaden and deepen our understanding of a whole range of complex situations. Well worth a closer look.' Christine Blackmore, Open University 'This is a book that explores new ways of thinking about how to measure sustainability... It offers stimulating food for thought for environmental educators and researchers.' Environmental Education Research 'This book tells me, as an SI 'practitioner', where I have been and why, and more importantly how I should be thinking in order to effectively present to and empower the local community in the years ahead.' David Ellis, Principal Pollution Monitoring Officer, Norwich City Council 'A practical guide to the development of sustainability indicators which offers a systemic and participative way to use them at local scale. Our preliminary results are highly positive and the approach is applicable in many contexts.' Elisabeth Coudert, Programme Officer Prospective and Regional Development, Blue Plan The groundbreaking first edition of Sustainability Indicators reviewed the development and value of sustainability indicators and discussed the advantage of taking a holistic and qualitative approach rather than focusing on strictly quantitative measures. In the new edition the authors bring the literature up to date and show that the basic requirement for a systemic approach is now well grounded in the evidence. They examine the origins and development of Systemic Sustainability Analysis (SSA) as a theoretical approach to sustainability which has been developed in practice in a number of countries on an array of projects since the first edition. They look at how SSA has evolved into the practical approaches of Systemic Prospective Sustainability Analysis (SPSA) and IMAGINE, and, in particular, how a wide range of participatory methodologies have been adopted over the years. They also provide an assessment of the strengths and weaknesses of projects that undertake work in the general field of sustainable development.

Author : Joseph E. Stiglitz
Publisher : The New Press
Page : 450 pages
File Size : 44,7 Mb
Release : 2019-11-19
Category : Political Science
ISBN : 9781620975725

Get Book

For Good Measure by Joseph E. Stiglitz Pdf

Today's leading economists weigh in with a new "dashboard" of metrics for measuring our economic and social health "What we measure affects what we do. If we focus only on material well-being—on, say, the production of goods, rather than on health, education, and the environment—we become distorted in the same way that these measures are distorted." —Joseph E. Stiglitz A consensus has emerged among key experts that our conventional economic measures are out of sync with how most people live their lives. GDP, they argue, is a poor and outmoded measure of our well-being. The global movement to move beyond GDP has attracted some of the world's leading economists, statisticians, and social thinkers who have worked collectively to articulate new approaches to measuring economic well-being and social progress. In the decade since the 2008 economic crisis, these experts have come together to determine what indicators can actually tell us about people's lives. In the first book of its kind, leading economists from around the world, including Thomas Piketty, Emmanuel Saez, Elizabeth Beasely, Jacob Hacker, François Bourguignon, Nora Lustig, Alan B. Krueger, and Joseph E. Stiglitz, describe a range of fascinating metrics—from economic insecurity and environmental sustainability to inequality of opportunity and levels of trust and resilience—that can be used to supplement the simplistic measure of gross domestic product, providing a far more nuanced and accurate account of societal health and well-being. This groundbreaking volume is sure to provide a major source of ideas and inspiration for one of the most important intellectual movements of our time.