If you want to measure our standard of living (what we have available to spend or save) then GNI* is the appropriate measure. But if you want to measure our taxable capacity – and therefore our ...
We can conclude that the GDP lacks any link to the real world. Notwithstanding this, the GDP measure is in big demand by governments and central bank officials since it provides justification for ...
1 Beijing Police College, Beijing, China 2 Faculty of Business and Management, Asia Pacific University of Technology and Innovation, Kuala Lumpur, Malaysia Introduction: Gross Domestic Product (GDP) ...
A whole "beyond GDP" movement has emerged over the last several decades, arguing that we should adopt a new way of measuring the wealth of nations. There is an ongoing debate about the best ...
Eoin McLaughlin receives funding from by the Riksbanken Jubileunsfond through the project Genuine Savings as a measure of sustainable development. Towards a GDP replacement. Ref: P19-0048:1 ...
The featured measure, therefore, determines how the media, economists and policymakers talk and think about how the country is doing. GDP accounts for all goods and services produced within the ...