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Measuring Progress Gross Domestic Product Gdp And Alternative Indicators In The Context Of Sustainable Development
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Book Synopsis Measuring progress. Gross Domestic Product (GDP) and alternative indicators in the context of sustainable development by : Theresa Klein
Download or read book Measuring progress. Gross Domestic Product (GDP) and alternative indicators in the context of sustainable development written by Theresa Klein and published by GRIN Verlag. This book was released on 2021-07-19 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Towards Sustainable Development by : Philipp Schepelmann
Download or read book Towards Sustainable Development written by Philipp Schepelmann and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Towards Sustainable Development by : Philipp Schepelmann
Download or read book Towards Sustainable Development written by Philipp Schepelmann and published by . This book was released on 2010 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Alternative Progress Indicators to Gross Domestic Product (GDP) as a Means Towards Sustainable Development by :
Download or read book Alternative Progress Indicators to Gross Domestic Product (GDP) as a Means Towards Sustainable Development written by and published by . This book was released on 2007 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic performance is generally being measured through GDP (Gross Domestic Product),a variable that has also become the de facto universal metric for 'standards of living'. It is universally applied according to common standards, and has some undeniable benefits mainly due to its simplicity. Unfortunately, this indicator grossly counts all transactions with a market price and thus bluntly adds up benefits and costs in its accounting. It thus converts (welfare-reducing) costs to perceived benefits.The indicator also fails to include non-market transactions, such as family work. Sustainable development and sustainable decision-making are difficult to achieve if welfare is being considered from a purely financial point of view. GDP does not adequately take into account human and social welfare. Furthermore, environmental costs such as the depletion of resources and the damage to the environment are also neglected. It is a valuable exercise to assess in how far environmental and social costs and benefits could be incorporated in the measures used to define 'development, wealth and well-being'. Chapter 2 of the study presents the conference and related events on global scale. Chapter 3 gives a brief overview of sustainable development, how to measure it and its relevance within policy-making. Chapter 4 explains the concept of GDP and the main shortcomings and benefits of this indicator. Chapter 5 explores a selected list of alternative 'progress indicators'for which the SWOT-analyses done by the Wuppertal Institute (2007) assess the Strengths,Weaknesses, Opportunities and Threats to be taken into account for a strategic management.Chapter 6 summarises the indicators and gives some conclusions and recommendations.
Download or read book Beyond GDP written by Marc Fleurbaey and published by Oxford University Press. This book was released on 2013-04-11 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Alternative Economic Indicators by : C. James Hueng
Download or read book Alternative Economic Indicators written by C. James Hueng and published by W.E. Upjohn Institute. This book was released on 2020-09-08 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Replacing GDP by 2030 by : Rutger Hoekstra
Download or read book Replacing GDP by 2030 written by Rutger Hoekstra and published by Cambridge University Press. This book was released on 2019-05-30 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proposes an new strategy for the beyond-GDP community which aims to replace the economic paradigm centred on Gross Domestic Product (GDP) by 2030.
Book Synopsis Sustainability Indicators by : Simon Bell
Download or read book Sustainability Indicators written by Simon Bell and published by Routledge. This book was released on 2012-05-04 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Sustainable Development Goals (SDGs) and GDP: What National Accounts Bring to the Table by : Thomas Alexander
Download or read book Sustainable Development Goals (SDGs) and GDP: What National Accounts Bring to the Table written by Thomas Alexander and published by International Monetary Fund. This book was released on 2018-03-07 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Sustainable Development Goals (SDGs) adopted by the UN General Assembly in 2015 represent a new global consensus to end poverty, promote prosperity, and protect the environment. Goal 8 seeks to improve global resource efficiency in consumption and production and to decouple economic growth (GDP) from environmental degradation while Goal 12 focuses on sustainable consumption and production. While GDP does not capture these broader goals, we suggest that the System of National Accounts which incorporates but goes well beyond GDP, can be used for the measurement of these SDGs and to support policy. We construct a conceptual “super balance sheet” with an expanded asset boundary to include durable consumer goods used to produce services, human capital, and access to resources such as clean water and air, education, health, and infrastructure, to produce an expanded household net worth.
Author :Commission on the Measurement of Economic Performance and Social Progress (France) Publisher :The New Press ISBN 13 :1595585192 Total Pages :174 pages Book Rating :4.5/5 (955 download)
Book Synopsis Mismeasuring Our Lives by : Commission on the Measurement of Economic Performance and Social Progress (France)
Download or read book Mismeasuring Our Lives written by Commission on the Measurement of Economic Performance and Social Progress (France) and published by The New Press. This book was released on 2010 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major, timely new report on why GDP is a deeply flawed indicator of economic performance and social progress-and how to develop better indicators of societal well-being-by the renowned Nobel Prize-winning economists
Book Synopsis Measuring Welfare Beyond Economics by : Claudio O. Delang
Download or read book Measuring Welfare Beyond Economics written by Claudio O. Delang and published by Routledge, is. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developed in the 1930s, the Gross Domestic Product (GDP) was never meant to be an indicator of the level of welfare of a population, but its emphasis by politicians and news outlets has made it become one of the most popular indicators of "development". Increasingly scholars have criticized the emphasis on the GDP, and put forward other indicators, amongst which is the Genuine Progress Indicator (GPI), an aggregate index of over 20 economic, social and environmental indicators, which are added or subtracted depending on whether they are considered as contributing to, or subtracting from, people's welfare or well-being. The most interesting and useful research related to the GPI consists in its comparison to the GDP. This is the first book to calculate the GPI of Hong Kong and Singapore from 1968 to 2011. The book explores how in most other countries the GDP has increased faster than the GPI, with the GPI stabilizing during the 1970s or 1980s because the social and environmental costs of development associated with rapid economic growth slowed down "genuine progress", as measured by the GPI. This has been explained with the "threshold hypothesis", which states that once a certain level of development of a country is reached, the GPI no longer increases, even if the economy (as measured by the GDP) grows. Yet in Hong Kong and Singapore the GPI only stabilized in 1998. The book examines this in light of the deindustrialization of Hong Kong and Singapore, the Asian Economic Crisis, and the continued investment in infrastructure. The book also discusses the policy implications of a slowdown of the GPI, in terms of promoting a "steady state economy" where economic growth is no longer the goal of government policies.
Book Synopsis The Quality of Growth in Africa by : Akbar Noman
Download or read book The Quality of Growth in Africa written by Akbar Noman and published by Columbia University Press. This book was released on 2019-08-20 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, concerns about the outcomes and nature of economic growth have given way to a new emphasis on its quality. This volume brings together prominent international contributors to consider a range of interrelated questions concerning the quality of growth in Africa, with a primary focus on sub-Saharan countries. Contributors discuss the measurement of growth, the transformations necessary to sustain it, and issues around equity and well-being. They consider topics such as the distribution of income gains from growth; the extent to which economic growth has resulted in improvements in employment, poverty, and security; structural transformations of the economy and diversification of the sources of growth; environmental sustainability; and management of urbanization. Offering both diagnoses and prescriptions, The Quality of Growth in Africa helps envision a future that goes beyond increasing GDP to ensuring that growth translates into advancements in well-being. Although the book focuses on sub-Saharan Africa, much of the contributors’ incisive analysis has implications for countries outside the region.
Book Synopsis Rethinking 'Progress' by : Aaron Packard
Download or read book Rethinking 'Progress' written by Aaron Packard and published by LAP Lambert Academic Publishing. This book was released on 2010 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is widespread and long running discontent with the Gross Domestic Product (GDP) as a measure of progress for society. A number of alternative measures have been proposed, including the Genuine Progress Index (GPI). A GPI has been developed by local government in the Wellington region (New Zealand) to facilitate a rethinking of conventional notions of 'progress'. The Wellington Region GPI (WRGPI) is a pluralistic index consisting of environmental, social, economic and cultural indicators with either physical or monetary values. This study explores a 'good practice' approach to public participation in the development of the GPI, and provides an overview of the context within which it fits. It considers the institutional barriers to the implementation of the WRGPI and provides recommendations of how deliberative and social learning techniques could be used to increase the likelihood that conventional notions of 'progress' will be replaced with more holistic ones."
Book Synopsis Gross Domestic Problem by : Doctor Lorenzo Fioramonti
Download or read book Gross Domestic Problem written by Doctor Lorenzo Fioramonti and published by Zed Books Ltd.. This book was released on 2013-01-17 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gross domestic product is arguably the best-known statistic in the contemporary world, and certainly amongst the most powerful. It drives government policy and sets priorities in a variety of vital social fields - from schooling to healthcare. Yet for perhaps the first time since it was invented in the 1930s, this popular icon of economic growth has come to be regarded by a wide range of people as a 'problem'. After all, does our quality of life really improve when our economy grows 2 or 3 per cent? Can we continue to sacrifice the environment to safeguard a vision of the world based on the illusion of infinite economic growth? Lorenzo Fioramonti takes apart the 'content' of GDP - what it measures, what it doesn't and why - and reveals the powerful political interests that have allowed it to dominate today's economies. In doing so, he demonstrates just how little relevance GDP has to moral principles such as equity, social justice and redistribution, and shows that an alternative is possible, as evinced by the 'de-growth' movement and initiatives such as transition towns. A startling insight into the politics of a number that has come to dominate our everyday lives.
Author :Péter Hardi Publisher :International Institute for Sustainable Development = Institut international du développement durable ISBN 13 : Total Pages :184 pages Book Rating :4.F/5 ( download)
Book Synopsis Assessing Sustainable Development by : Péter Hardi
Download or read book Assessing Sustainable Development written by Péter Hardi and published by International Institute for Sustainable Development = Institut international du développement durable. This book was released on 1997 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Stiglitz Report by : Joseph E. Stiglitz
Download or read book The Stiglitz Report written by Joseph E. Stiglitz and published by The New Press. This book was released on 2010 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fact that the global economy is broken may be widely accepted, but what precisely needs to be fixed has become the subject of enormous controversy. In 2008, the President of the United Nations General Assembly convened an international panel, chaired by Nobel Prize-winning economist Joseph Stiglitz and including 20 leading experts on the international monetary system, to address this crucial issue. This report controversially establishes a bold agenda for policy change, both broad in scope and profound in its ambitions.
Book Synopsis Measuring Economic Sustainability and Progress by : Dale W. Jorgenson
Download or read book Measuring Economic Sustainability and Progress written by Dale W. Jorgenson and published by University of Chicago Press. This book was released on 2014-10-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the Great Depression, researchers and statisticians have recognized the need for more extensive methods for measuring economic growth and sustainability. The recent recession renewed commitments to closing long-standing gaps in economic measurement, including those related to sustainability and well-being. The latest in the NBER’s influential Studies in Income and Wealth series, which has played a key role in the development of national account statistics in the United States and other nations, this volume explores collaborative solutions between academics, policy researchers, and official statisticians to some of today’s most important economic measurement challenges. Contributors to this volume extend past research on the integration and extension of national accounts to establish an even more comprehensive understanding of the distribution of economic growth and its impact on well-being, including health, human capital, and the environment. The research contributions assess, among other topics, specific conceptual and empirical proposals for extending national accounts.
