Green Finance (Oct 2021)

Comments on the "SSF Report" from the perspective of economic statistics

  • Dong Qiu,
  • Dongju Li

DOI
https://doi.org/10.3934/GF.2021020
Journal volume & issue
Vol. 3, no. 4
pp. 403 – 463

Abstract

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Sustainable development measurement is an important exploration field in socio-economic statistics, which has been attached great importance by society for 30 years. In 2010, the Commission on the Measurement of Economic Performance and Social Progress (CMEPSP), headed by J.E. Stiglitz, A. Sen and J.P. Fitoussi, published a report enbd "Mis-measuring Our Lives: Why GDP Doesn't Add Up" ("SSF Report" for short). It systematically reviews and summarizes methods of economic measurement, of which classical GDP issues, well-being measurement and sustainable development measurement constitute the three main contents. Society is advancing and we cannot follow the existing measurement methods without carefully re-examination. This paper analyzes several measurement dilemmas hidden in GDP statistics, explores the feasibility and necessity of the well-being measurement, queries the sustainability of sustainable development measurement.

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