Moneta e Credito (Oct 2011)
Il PIL: oltre il PIL. E oltre il PIL che c’è?(GDP beyond GDP: what Is there beyond the GDP?)
Abstract
The article criticises the recent Stiglitz-Sen-Fitoussi Report arguing that the suggestion of developing a series of indicators that would complement the traditional GDP will in fact end up in confirming the centrality of the GDP, which would remain the central theoretical reference point as well as the main policy target. What is needed is a new conceptual framework of which the GDP is only a part, that has the potential to lead to a new synthetical index, replacing the GDP altogether. The article sketches the main characteristics of such a new index. JEL: E01, C43, I30
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