Gross Domestic Product or Gross National Happiness – Which is the Better Alternative for Economic Measurement?
Keywords:
Gross domestic product, Economic well-being, Gross national happiness, Economic measuringAbstract
This article analyze the problem related to measuring the national economy and choosing the appropriate macroeconomic indicator. The object of the analysis will be the measurement of the economy, subject matter is the nature and the inconsistencies of the gross domestic product (GDP) and Gross National Happiness (GNH). This challenge also relates to the thesis, namely: GDP remains the main macroeconomic indicator, and other alternatives, such as GNH, can`t replace it altogether, as they give rise to new problems and inability to accurately assess.References
G Daga - Proceedings of the 17th European Roundtable on …, 2014 (2014). Towards a new development paradigm: Critical analysis of gross national happiness. University of Cambridge (Ed. NA), pp. 38-40. URL: https://www.academia.edu/download/33743091/Critical_Analysis_of_Gross_National_Happiness_Index_.pdf
WD Nordhaus, J Tobin (1971). Is growth obsolete?. The Measurement of Economic and Social Performance (Ed. Milton Moss), pp. 509-564. URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1551&context=cowles-discussion-paper-series
Downloads
Published
Issue
Section
License
Copyright (c) 2019 Maria Marikina (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright to their works.
All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.
