Abstract
There are essentially four approaches to constructing a better measure than GDP of whether the nation is making true progress in improving wellbeing; adjusting GDP to make it more suitable, replacing it with a ‘dashboard’ of alternative indicators, weighting these alternative indicators to form a composite indicator, and using peoples’ own reported assessments of their well-being
Original language | English |
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Title of host publication | Measuring and Promoting Wellbeing: How Important is Economic Growth? Essays in honour of Ian Castles AO and a selection of Castles' papers |
Editors | Andrew Podger and Dennis Trewin |
Place of Publication | Canberra |
Publisher | ANU Press |
Pages | 191-208 |
Volume | 1 |
Edition | 1st |
ISBN (Print) | 9781925021325 |
Publication status | Published - 2014 |