Submitted June 2012.
Going beyond GDP: An OECD Perspective*
Article first published online: 5 SEP 2013
© 2013 The Authors Fiscal Studies © 2013 Institute for Fiscal Studies
Special Issue: Special Issue on Well-Being
Volume 34, Issue 3, pages 289–314, September 2013
How to Cite
Boarini, R. and D'Ercole, M. M. (2013), Going beyond GDP: An OECD Perspective. Fiscal Studies, 34: 289–314. doi: 10.1111/j.1475-5890.2013.12007.x
Carlotta Balestra is kindly acknowledged for her very valuable contribution to some of the empirical work presented in this paper. The authors would like to thank the referees for their very helpful suggestions and comments on the first version of this paper. The opinions expressed in this paper are those of the authors; they do not commit either the OECD or its member countries.
- Issue published online: 5 SEP 2013
- Article first published online: 5 SEP 2013
- quality of life;
- beyond GDP;
- composite indicators
This paper presents some of the main features of recent OECD work on people's well-being and societies' progress. After discussing the main limitations of GDP as a measure of ‘welfare’, the paper presents the multidimensional framework and rationale underpinning the OECD Better Life Initiative, and describes how this framework aims to overcome the limitations of GDP. The paper also presents some of the evidence from the OECD ‘Better Life Index’, an interactive tool that allows citizens to compare countries according to their own views and preferences on the relative importance of the different aspects of human well-being.