Beyond GDP. Alternative measures of growth
BAS (2019) INFOS 12(265), Beyond GDP. Alternative measures of growth
The article looks at the measures of growth. In the first section, the author introduces the main indicator of economic production within a country, namely Gross Domestic Product (GDP). He provides its definitons, components and a brief history. Special attention is given to its limitations and criticisms, as GDP ignores social and environmental costs of growth. In the second section, the author discusses alternatives to the GDP, namely selected indicators that measure well-being (Human Development Index, Human Capital Index, Better Life Index, etc.).
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policy brief
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Publication URL:$file/Infos_265.pdf
Bureau of Research / Biuro Analiz Sejmowych (BAS) of the Polish Parliament (the Sejm) (BAS)