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dc.contributor.authorBergh, Jeroen C.J.M. van denen
dc.date.accessioned2007-03-15T15:11:25Z
dc.date.available2007-03-15T15:11:25Z
dc.date.issued2007-02-09en
dc.identifier.citationDiscussion paper TI, 07-019/3en
dc.identifier.urihttp://hdl.handle.net/1871/10709
dc.description.abstractExpectations and information about the growth of GDP per capita have a large influence on decisions made by private and public economic agents. It will be argued here that GDP (per capita) is far from a robust indicator of social welfare, and that its use as such must be regarded as a serious form of market and government failure. This article presents an update on the most important criticisms of GDP as an indicator of social welfare and economic progress. It further examines the nature and extent of the impact of GDP information on the economy, revisits the customary arguments in favour of the GDP indicator, and critically evaluates proposed alternatives to GDP. The main conclusion is that it is rational to dismiss GDP as an indicator to monitor economic progress and to guide public policy. As is clarified, this conclusion does not imply a plea against growth, innovation or national accounting.en
dc.format.extent273825 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.publisherAmsterdam : Tinbergen Instituteen
dc.subjectDistributionen
dc.subjectexternalitiesen
dc.subjectgenuine savingsen
dc.subjecthappinessen
dc.subjectHDIen
dc.subjectinformal sectoren
dc.subjectISEWen
dc.subjectstatus goodsen
dc.titleAbolishing GDPen
dc.typeResearch paperen
dc.subject.jelD31en
dc.subject.jelD63en
dc.subject.jelE01en
dc.subject.jelI31en
dc.subject.jelO15en


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