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
Who gets a good deal? Revealing public attitudes to transport in Great Britain
Transport isn’t working. That’s the message from the British public. This is especially true if you’re on a low income, disabled or living in the countryside. The cost of living crisis has exposed the shortcomings of our transport system,…Bhargav Srinivasa Desikan on TalkTV discussing AI
IPPR's Bhargav Srinivasa Desikan on TalkTV discussing his new report on the impact of generative AI on the UK labour market.Transformed by AI: How generative artificial intelligence could affect work in the UK – and how to manage it
Technological change is a good thing. It has brought exponential gains to living standards and is the foundation of modern society. Yet unmanaged technological change has always come with risks and disruptions.