296 research outputs found
For Good Measure : Advancing Research on Well-being Metrics Beyond GDP
No full textInternational audienceThe 2009 Commission on the Measurement of Economic Performance and Social Progress (“Stiglitz-Sen-Fitoussi” Commission) concluded that we should move away from over-reliance on GDP when assessing a country’s health, towards a broader dashboard of indicators that would reflect concerns such as the distribution of well-being and sustainability in all of its dimensions. This book includes contributions from members of the OECD-hosted High Level Expert Group on the Measurement of Economic Performance and Social Progress, the successor of the Stiglitz-Sen-Fitoussi Commission, and their co-authors on the latest research in this field. These contributions look at key issues raised by the 2009 Commission that deserved more attention, such as how to better include the environment and sustainability in our measurement system, and how to improve the measurement of different types of inequalities, of economic insecurity, of subjective well-being and of trust.A companion volume Beyond GDP: Measuring What Counts for Economic and Social Performance presents an overview by the co-chairs of the High Level Expert Group, Joseph E. Stiglitz, Jean-Paul Fitoussi and Martine Durand of the progress accomplished since the 2009 report, of the work conducted by the Group over the past five years, and of what still needs to be done
On the measurement of social progress and well being: some further thoughts
No full textTwo years after the delivery of the report on The Measurement of Economic Performances and Social Progress (Stiglitz-Sen-Fitoussi),this paper provides some further reflections on the subject. Since 2008, when the work of the Commission began, the world has experienced several dramatic events which all call into question our measurement systems and the policies which were grounded on them: the financial crisis of 2007-2008, the grave events in Japan, the Sovereign debt crisis, and the revolutions in the Arabic world. In particular, the Japanese earthquake and its aftermath underlines three central shortcomings of our metrics: the measurement of the economic product,the measurement of well being, and the measurement of sustainability. For economists, these concerns are especially important, because we often rely on statistical (econometric analyses) to make inferences about what are good policies. Those inferences are only as reliable as the metrics that they are based on. Our statistical systems should tell us whether or not what we are doing is sustainable, economically, environmentally, politically, or socially and whether proposed policies will in fact enhance well-being . There would be little sense in pursuing policies aimed at increasing some widely used metric like GDP ifsuch policies lead to a decrease in well being.1- Economic indicators 2- Gross Domestic Products 3-Social indicators 4- Well being 5- Sustainability
For Good Measure: Advancing Research on Well-Being Metrics Beyond GDP
No full textThe 2009 Commission on the Measurement of Economic Performance and Social Progress (“Stiglitz-Sen-Fitoussi” Commission) concluded that we should move away from over-reliance on GDP when assessing a country’s health, towards a broader dashboard of indicators that would reflect concerns such as the distribution of well-being and sustainability in all of its dimensions. This book includes contributions from members of the OECD-hosted High Level Expert Group on the Measurement of Economic Performance and Social Progress, the successor of the Stiglitz-Sen-Fitoussi Commission, and their co-authors on the latest research in this field. These contributions look at key issues raised by the 2009 Commission that deserved more attention, such as how to better include the environment and sustainability in our measurement system, and how to improve the measurement of different types of inequalities, of economic insecurity, of subjective well-being and of trust. A companion volume Beyond GDP: Measuring What Counts for Economic and Social Performance presents an overview by the co-chairs of the High Level Expert Group, Joseph E. Stiglitz, Jean-Paul Fitoussi and Martine Durand of the progress accomplished since the 2009 report, of the work conducted by the Group over the past five years, and of what still needs to be done
For Good Measure: Advancing Research on Well-Being Metrics Beyond GDP
No full textThe 2009 Commission on the Measurement of Economic Performance and Social Progress (“Stiglitz-Sen-Fitoussi” Commission) concluded that we should move away from over-reliance on GDP when assessing a country’s health, towards a broader dashboard of indicators that would reflect concerns such as the distribution of well-being and sustainability in all of its dimensions. This book includes contributions from members of the OECD-hosted High Level Expert Group on the Measurement of Economic Performance and Social Progress, the successor of the Stiglitz-Sen-Fitoussi Commission, and their co-authors on the latest research in this field. These contributions look at key issues raised by the 2009 Commission that deserved more attention, such as how to better include the environment and sustainability in our measurement system, and how to improve the measurement of different types of inequalities, of economic insecurity, of subjective well-being and of trust. A companion volume Beyond GDP: Measuring What Counts for Economic and Social Performance presents an overview by the co-chairs of the High Level Expert Group, Joseph E. Stiglitz, Jean-Paul Fitoussi and Martine Durand of the progress accomplished since the 2009 report, of the work conducted by the Group over the past five years, and of what still needs to be done
For Good Measure: Advancing Research on Well-Being Metrics Beyond GDP
No full textThe 2009 Commission on the Measurement of Economic Performance and Social Progress (“Stiglitz-Sen-Fitoussi” Commission) concluded that we should move away from over-reliance on GDP when assessing a country’s health, towards a broader dashboard of indicators that would reflect concerns such as the distribution of well-being and sustainability in all of its dimensions. This book includes contributions from members of the OECD-hosted High Level Expert Group on the Measurement of Economic Performance and Social Progress, the successor of the Stiglitz-Sen-Fitoussi Commission, and their co-authors on the latest research in this field. These contributions look at key issues raised by the 2009 Commission that deserved more attention, such as how to better include the environment and sustainability in our measurement system, and how to improve the measurement of different types of inequalities, of economic insecurity, of subjective well-being and of trust. A companion volume Beyond GDP: Measuring What Counts for Economic and Social Performance presents an overview by the co-chairs of the High Level Expert Group, Joseph E. Stiglitz, Jean-Paul Fitoussi and Martine Durand of the progress accomplished since the 2009 report, of the work conducted by the Group over the past five years, and of what still needs to be done
GDP DILEMMA ANALYZED IN TERMS OF CORRELATION BETWEEN LISBON INDEX AND GDP PER CAPITA
No full textThe objective of this paper is to analyze the correlation between the index of Lisbon in 2010 and GDP per capita in 43 countries, in order to determine whether exist or not a direct and close correlation between the two indicators. The reason behind the initiation of this review is related to the current dilemma, namely whether the level of GDP reflects or not the degree of welfare of a country or region. If this is true, ie GDP provides an accurate picture of a country’s welfare level, there must be direct and strong correlation between two indicators: GDP per capita and Lisbon index. Otherwise, if the GDP is not a representative indicator of the level of welfare, the correlation should be reduced. Further analysis will show the result of that reasoning. Pearson coefficient was calculated, and it was obtained a value of 0.828 which means a strong and direct correlation between the two indicators, in a first phase. After analysis of the two clusters created can be concluded that in developing countries is a direct and strong correlation (Pearson coefficient is 0.703), while in developed countries there is direct correlation but unrepresentative (Pearson coefficient is 0.477).GDP, Lisbon Index, welfare, correlation
THE SHADOW GN*: The Ways Out of the Crisis and the Builbing of a More Cohesive World
No full textThis year the G's are meeting at a critical moment in history, at least economic and social history. They will confront the gravest economic and social crisis in almost 80 years. To paraphrase Keynes, the destiny of the world is in the hands of the members of the G's. They could act in such a way that would allow us to get out of this situation, creating a future where growth is more sustainable, friendlier to the environment, and where its fruits would be distributed in a more equitable way, both within and among countries. Otherwise, they will bear an enormous responsibility before history, that of not having done the duty which has been delegated to them by their people, despite having been in exceptional circumstances that gave them much more room for manoeuvre than they would have had in 'normal' times. That is why a group of 'experts', with no commitments other that of being citizens of the world, decided to meet to reflect on what could be done, hoping that from their reflection some useful recommendations to the powerful of this world would emerge. This group, which christened itself the Shadow GN, has been constituted under the leadership of Joseph Stiglitz and Jean-Paul Fitoussi, thanks to a partnership between Luiss and Columbia University. The group has met twice, once in New York at Columbia University on 4-5 February 2009 and once in Rome on 6-7 May 2009
Nouvelles réflexions sur la mesure du progrès social et du bien-être.
No full textDans la foulée du Rapport Stiglitz-Sen-Fitoussi, nous proposons ici de nouvelles réflexions sur le progrès social et le bien-être, qui annoncent de nouveaux travaux et de nouvelles avancées. À partir de quelques exemples simples empruntés à l'actualité, nous montrons d'abord comment notre système statistique actuel, du fait à la fois des lacunes des indicateurs existants et de l'absence d'alternatives crédibles, peut implicitement conduire à des conclusions de politique publique entachées d'erreur. Ceci importe au plus haut point car ce que nous mesurons affecte ce que nous faisons. Réduire le bien-être en vue d'augmenter quelque imparfaite mesure de la richesse matérielle que ce soit donne lieu à des politiques totalement erronées. Nous portons ensuite notre attention, selon cette même perspective critique des indicateurs et instruments de mesure actuels, sur des questions essentielles du débat économique contemporain telles que l'effet sur le chômage de la flexibilité des marchés du travail ou encore l'impact sur la croissance du degré d'ouverture financière des économies. Notre évaluation des mesures existantes de bien-être nous laisse convaincus à cet égard que, trop souvent, elles ont conduit les pays à s'orienter dans de mauvaises directions, ou à tout le moins à adopter des politiques dont les bénéfices sont très discutables. Nous montrons en somme qu'il existe des possibilités considérables d'améliorer les indicateurs de bien-être et d'en développer de nouveaux pour mieux servir les buts collectifs des sociétés humaines.Rapport Stiglitz-Sen-Fitoussi, progrès social, mesure, bien-être, soutenabilité;
The G20 and recovery and beyond: An agenda for global governance for the twenty‐first century
No full textInternational audienceThe G20 is at a critical juncture. Either it moves forward shaping the way of a new, more effective, global governance or it will become just another Gn where discourses and solemn declarations take the lead over action. There is nothing wrong in multiplying for where heads of states and governments meet all over the planet. At the contrary exchanges of views on common problems and the ways they are appraised in different countries may “à la longue” affect the design of national policies.A group of 'experts', with no commitments other that of being citizens of the world, decided to meet to reflect on what could be done in the presentsituation, hoping that from their reflection some useful recommendations to the powerful of this world would emerge. This group, which christeneditself the Paris Group, has been constituted at the invitation of the President of the French Republic, who also presides over the destiny of theG20 this year. The Chairmen were given complete discretion in the choice of the membership of the group; their sole responsibility was to gather adiverse group of individuals with the highest level of expertise in the subjects confronting the G20 and with a commitment to working to ensurethe improvement in the system of global economic governance. The chapters which compose the ebook contain a summary of the discussion between the members of the group prepared by Jean-Paul Fitoussi and Joseph Stiglitz and the preparatory notes which have been written by them
Misurare ciò che conta: Al di là del Pil
No full textInternational audienceM come Misurare. Perché è il momento di andare al di là del Prodotto interno lordo, il Pil. Dobbiamo misurare ciò che conta e ciò che conta davvero è il benessere.Nel 2009 un gruppo di economisti capitanati dai premi Nobel Joseph Stiglitz e Amartya Sen e dal prestigioso economista francese Jean-Paul Fitoussi aveva scritto un rapporto che metteva in dubbio il Prodotto interno lordo (Pil) come strumento di misura del progresso e del benessere. Ciò ha dato il via a una discussione globale in relazione al Pil e a un importante movimento tra studiosi, decisori politici e attivisti, per cambiare il modo con cui misuriamo le nostre economie. Ora con Misurare ciò che conta Stiglitz, Fitoussi e Martine Durand – ricapitolando le riflessioni di un comitato di esperti sulla misurazione della performance economica e del processo sociale, promosso dall’Ocse – propongono una nuova agenda, «oltre il Pil». Il volume offre una panoramica di tale movimento globale negli ultimi dieci anni e propone un nuovo armamentario di metriche per stabilire la salute di una società, incluse misure sulla diseguaglianza e la vulnerabilità economica, sulla sostenibilità ambientale e su come le persone percepiscono la propria vita
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