The adequacy of GDP as a measure of well-being
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Título
The adequacy of GDP as a measure of well-beingAutoría
Tutor/Supervisor
Alguacil Marí, MaiteTutor/Supervisor; Universidad.Departamento
Universitat Jaume I. Departament d'EconomiaFecha de publicación
2016-07-14Editor
Universitat Jaume IResumen
The aim of this paper is to question the GDP as a measure of well-being. GDP has been used since its creation to measure the total economic activity. We critique its use by leading economists and politicians as a main ... [+]
The aim of this paper is to question the GDP as a measure of well-being. GDP has been used since its creation to measure the total economic activity. We critique its use by leading economists and politicians as a main indicator of overall progress. There are crucial factors, not considered in the calculation of GDP. Such as natural, social and human capital, that are benchmarks in several measures of sustainability and economic growth. Concretely, we try to determine to what extent the GDP per capita can be considered a good indicator of welfare. To do that, we empirically analysed the relationship between GDP per capita and most proper indicators regarded to human well-being. Using data for 95 countries, we find a positive relation between GDP and well-being. This result, although should be interpreted with caution, reveal that in spite of GDP clearly misses out some critical aspects, such are the environment and the self-perceived well-being, can be used as a good proxy of economic welfare. [-]
Palabras clave / Materias
Descripción
Treball Final de Grau en Economia. Codi: EC1049. Curs: 2015/2016
Tipo de documento
info:eu-repo/semantics/bachelorThesisDerechos de acceso
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- Grau en Economia [289]
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