Measuring what matters: Improving the indicators of economic performance
Article
Over recent years there has been increasing concern among economists and statisticians, and a variety of commentators and organisations in civil society, about whether the current range of economic indicators accurately measure key aspects of economic behaviour and performance.
This discussion paper sets out two key propositions on rethinking the way we measure the economy and define economic success:
- New technologies, business models and economic goals require significant improvements in the measurement of key economic statistics.
- New indicators of economic outcomes can better define and measure the goals of economic policy.
Related items
Costing the Rwanda plan
Total payments to Rwanda for removing this cohort of people could range between £1.1 billion and £3.9 billion.Working wonders: The role of employability in tackling poverty
Better employment is the key to tackling poverty in ScotlandHandforth in hindsight: The future of hyperlocal governance in England
Hyperlocal governance has huge potential. It can give people a greater say in their areas, helping them determine and deliver what is needed in their neighbourhoods, and bring social benefits to communities as well.