Beyond GDP: Conceptual Grounds of Quantification. The Case of the Index of Economic Well-Being (IEWB)

Thiry, Géraldine

doi:10.1007/s11205-014-0650-6

Cited by 16 publications

(9 citation statements)

References 29 publications

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“…Second, numerous scholars have pointed out that output (GDP) and its growth as measures of economic wellbeing are flawed-not only does a measure like GDP include elements such as expenditures on crime, health care, remediation of environmental damage, etc., it also omits items such as work performed at home. Inequalities and social challenges posed by the pursuit of growth at all costs can thus obscure both limits to and drawbacks of growth (Phillips, 2006;Pissourios, 2013;Thiry, 2015). Indeed, alternative measures such as the Genuine Savings Index, the Sustainable Society Index, and the Human Development Indicator (Strezov, Evans, & Evans, 2017) have been proposed yet a single dimension measure such as GDP remains most widely used due mainly to its simplicity and narrow focus on economic growth.…”

Section: Sustainability Of the Innovation-consumption-growth Cyclementioning

confidence: 99%

Business Strategies for Sustainability-Motivated Innovation: A Conceptual Framework

Arogyaswamy¹

2019

JMGS

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Innovation has been and continues to be a key factor in the competitive advantage of business firms and economic growth of nations. However, while the creation of new offerings that are appealing to customers is central to corporate success, substantial negative outcomes may accompany or follow the unbridled pursuit of innovation. This paper investigates, among others, environmental damage and the diminution of social and political stability as problems arising from innovation and introduces a framework that may be used to enhance environmental and social sustainability through innovation. For the purposes of this study, innovation is viewed according to three types: product, process, and managerial. We also collapsed numerous sustainability strategies that have been identified in the literature into four categories: cost-and differentiation-based (environmental) and employee-versus communityoriented (social). The three innovation types are arrayed against the four sustainability strategies thereby yielding twelve approaches to innovating with sustainability in mind. Numerous examples are provided to illustrate how the framework is being or may be used. Such sustainability criteria can also serve vice-versa as drivers of organizational innovation.

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Section: Sustainability Of the Innovation-consumption-growth Cyclementioning

confidence: 99%

Business Strategies for Sustainability-Motivated Innovation: A Conceptual Framework

Arogyaswamy¹

2019

JMGS

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“…In terms of economic development, the main indicators at home and abroad are adopted, including public education, employment and entrepreneurship, social insurance, medical and health services, housing security, public cultural and sports, economic aggregate, economic growth rate, economic extroversion, economic benefit, economic motive force, etc. [7][8] , the indicators are detailed in Table 1. Secondly, the data in this paper are from China Statistical Yearbook from 2000 to 2017.…”

Section: A Index Selection and Data Sourcementioning

confidence: 99%

“…By calculating the coordinated development index of basic public service expenditure and economic development level in 31 provinces in China from 2000 to 2016, and using the median subsection method [6][7][8] , the coordinated development index is divided into four types: 0-0. This paper takes the coordinated development index to measure the coordinated relationship between basic public service expenditure and economic development level, and to observe the changes of the relationship between the two at different stages.…”

Section: Measurement Of Coordination Relationsmentioning

confidence: 99%

Research on the Coordination Relationship between Basic Public Service Expenditure and Economic Development Level Based on the Data of 31 Provinces from 2000 to 2016

Zhang¹,

Cai²

2019

Proceedings of the 2019 3rd International Conference On Education, Management Science and Economics (ICEMSE 2019)

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Based on entropy method for weight determination and introduced coordination degree and the coordinate development index model, the evaluation index system of coordination degree is constructed by taking 31 provinces from 2000 to 2016 as the research object. Then, the evaluation index system of coordination degree is used to empirically research the status of basic public service expenditure and economic development level. The result shows that the index of coordinated development is increasing year by year, but there is still a certain degree of imbalance between basic public service and economic development, and the gap shows a spindle-shaped change trend.

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“…The serious work towards improving or replacing them started only around 50 years ago. After some decline of interest in such endeavours, quite many indexes of development conceived according to "beyond GDP" paradigm (Constanza et al 2009;Fleurbaey, Blanchet, 2013;Thiry, 2014) have been proposed, applied and published. The most known are Gross National Happiness (Pennock, Ura 2011, Ura et al 2012, Better Life Index (OECD 2013), Human Development Index (UNDP 2013) as well as work by a group of economists and other social scientists commissioned by French President (Stiglitz et al 2013).…”

Section: Introductionmentioning

confidence: 99%

Operationalization and Estimation of Balanced Development Index for Poland 1999-2016

Koźmiński

Noga

Piotrowska

et al. 2015

Statistics in Transition New Series

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Stemming from assumption that Gross Domestic Product is an index oversimplifying economic development and not reflecting socio-economic development, the paper presents conceptualization, operationalization and estimation of Balanced Development Index (BDI), concerning both economic and social development in Poland. Actual values of this index as well as its four composite components (middle-level indexes) are presented for 1999-2013. A statistical model allowing estimation of BDI values as well as short-term forecasts is proposed alongside with the concept of balanced development. Application of this model for 1999-2016 is presented.

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Beyond GDP: Conceptual Grounds of Quantification. The Case of the Index of Economic Well-Being (IEWB)

Cited by 16 publications

References 29 publications

Business Strategies for Sustainability-Motivated Innovation: A Conceptual Framework

Business Strategies for Sustainability-Motivated Innovation: A Conceptual Framework

Research on the Coordination Relationship between Basic Public Service Expenditure and Economic Development Level Based on the Data of 31 Provinces from 2000 to 2016

Operationalization and Estimation of Balanced Development Index for Poland 1999-2016

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