Long abstract
The OECD Statistics Brief No.11 May 2006 - Alternative Measures of Well-being
The OECD, in common with many other organisations, has normally measured material living standards in member countries in terms of the level and growth of gross domestic product (GDP). But clearly, policy makers do not focus single-mindedly on GDP. They rather seek to enhance the overall well-being of citizens, today and in the future, taking into account other factors such as distributional concerns and environmental quality. |
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