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Framing Measurement Beyond GDP

In: Advances in Economic Measurement

Author

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  • Paul Schreyer

    (OECD)

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.

Suggested Citation

  • Paul Schreyer, 2022. "Framing Measurement Beyond GDP," Springer Books, in: Duangkamon Chotikapanich & Alicia N. Rambaldi & Nicholas Rohde (ed.), Advances in Economic Measurement, chapter 0, pages 389-412, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-2023-3_9
    DOI: 10.1007/978-981-19-2023-3_9
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