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Framing Measurement Beyond GDP

Author

Listed:
  • Paul Schreyer

    (OECD Statistics and Data Directorate)

Abstract

While the Beyond GDP agenda has been with us for some time, it has come centre stage in the Covid crisis. The idea of building back a greener, more inclusive, more resilient economy resonates well with measurement e orts beyond GDP. But the eld of potential indicators is vast and measurement choices need some structure. We present a measurement framework that 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.

Suggested Citation

  • Paul Schreyer, 2021. "Framing Measurement Beyond GDP," CEPA Working Papers Series WP172021, School of Economics, University of Queensland, Australia.
    • Handle: RePEc:qld:uqcepa:171
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    File URL: https://economics.uq.edu.au/files/33637/WP172021.pdf
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    References listed on IDEAS

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    Keywords

    Beyond GDP; green accounting; national accounts; well-being;
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