Quotation Kettner, Claudia, Köppl, Angela, Stagl, Sigrid. 2014. Towards an operational measurement of socio-ecological performance. WWWforEurope Working Paper no 52.


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Abstract

Questioning GDP as dominant indicator for economic performance has become commonplace. For economists economic policy always aims for a broader array of goals (like income, employment, price stability, trade balance) alongside income, with income being the priority objective. The Stiglitz-Sen-Fitoussi Commission argued for extending and adapting key variables of macroeconomic analysis. International organisations such as the EC, OECD, Eurostat and UN have proposed extended arrays of macroeconomic indicators (see 'Beyond GDP', 'Compendium of wellbeing indicators', 'GDP and Beyond', 'Green Economy', 'Green Growth', 'Measuring Progress of Societies'). Despite these high profile efforts, few wellbeing and environmental variables are in use in macroeconomic models. The reasons for the low uptake of socio-ecological indicators in macroeconomic models range from path dependencies in modelling, technical limitations, indicator lists being long and unworkable, choices of indicators appearing ad hoc and poor data availability. In this paper we review key approaches and identify a limited list of candidate variables and - as much as possible - offer data sources. (authors' abstract)

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Working/discussion paper, preprint
Language English
Title Towards an operational measurement of socio-ecological performance
Title of whole publication WWWforEurope Working Paper no 52
Year 2014
URL http://www.foreurope.eu/fileadmin/documents/pdf/Workingpapers/WWWforEurope_WPS_no052_MS29.pdf
JEL D6

Associations

People
Stagl, Sigrid (Details)
External
Kettner, Claudia
Köppl, Angela
Organization
Competence Center for Sustainability Transformation and Responsibility WE (Details)
Institute for Ecological Economics IN (Details)
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