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Measuring Economic Sustainability and Progress

Editor

Listed:
  • Jorgenson, Dale W.
  • Landefeld, J. Steven
  • Schreyer, Paul

Abstract

Since the Great Depression, researchers and statisticians have recognized the need for more extensive methods for measuring economic growth and sustainability. The recent recession renewed commitments to closing long-standing gaps in economic measurement, including those related to sustainability and well-being. The latest in the NBER’s influential Studies in Income and Wealth series, which has played a key role in the development of national account statistics in the United States and other nations, this volume explores collaborative solutions between academics, policy researchers, and official statisticians to some of today’s most important economic measurement challenges. Contributors to this volume extend past research on the integration and extension of national accounts to establish an even more comprehensive understanding of the distribution of economic growth and its impact on well-being, including health, human capital, and the environment. The research contributions assess, among other topics, specific conceptual and empirical proposals for extending national accounts.

Suggested Citation

  • Jorgenson, Dale W. & Landefeld, J. Steven & Schreyer, Paul (ed.), 2014. "Measuring Economic Sustainability and Progress," National Bureau of Economic Research Books, University of Chicago Press, number 9780226121338, August.
    • Handle: RePEc:ucp:bknber:9780226121338
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    Citations

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    Cited by:

    1. Yao, Yao & Ivanovski, Kris & Inekwe, John & Smyth, Russell, 2019. "Human capital and energy consumption: Evidence from OECD countries," Energy Economics, Elsevier, vol. 84(C).
    2. Barbara M. Fraumeni & Michael S. Christian & Jon D. Samuels, 2015. "The Accumulation of Human and Nonhuman Capital, Revisited," NBER Working Papers 21284, National Bureau of Economic Research, Inc.
    3. Debarati Bhattacharya & Wei-Hsien Li, 2020. "Wealth effects of relative firm value in M&A deals: reallocation of physical versus intangible assets," Review of Quantitative Finance and Accounting, Springer, vol. 55(4), pages 1513-1548, November.
    4. Peter ven de Ven & Anne Harrison & Barbara Fraumeni & Dale W. Jorgenson & Paul Schreyer, 2017. "Measuring Individual Economic Well-Being and Social Welfare within the Framework of the System of National Accounts," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63, pages 460-477, December.
    5. Corby Garner & Justin Harper & Tom Howells & Matt Russell & Jon Samuels, 2018. "Backcasting the BEA/BLS Integrated Industry-level Production Account and the Sources of U.S. Economic Growth between 1987 and 2016," BEA Working Papers 0151, Bureau of Economic Analysis.
    6. Charles Hulten & Leonard I. Nakamura, 2020. "Expanded GDP for Welfare Measurement in the 21st Century," NBER Chapters, in: Measuring and Accounting for Innovation in the Twenty-First Century, pages 19-59, National Bureau of Economic Research, Inc.
    7. Romina Boarini & Marc Fleurbaey & Fabrice Murtin & Paul Schreyer, 2022. "Well‐being during the Great Recession: new evidence from a measure of multi‐dimensional living standards with heterogeneous preferences," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(1), pages 104-138, January.
    8. Nolan, Brian & Thewissen, Stefan & Roser, Max, 2016. "GDP per capita versus median household income: What gives rise to divergence over time?," INET Oxford Working Papers 2016-03, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    9. Paul Schreyer, 2021. "Framing Measurement Beyond GDP," CEPA Working Papers Series WP172021, School of Economics, University of Queensland, Australia.
    10. T. Heikkinen, 2015. "A spatial equilibrium model of local nonmarket production with capacity constraints," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(4), pages 337-361, December.
    11. Wen Chen & Reitze Gouma & Bart Los & Marcel P. Timmer, 2017. "Measuring the income to intangibles in goods production: a global value chain approach," WIPO Economic Research Working Papers 36, World Intellectual Property Organization - Economics and Statistics Division.
    12. Toma Lankauskiene, 2021. "Labour Productivity Growth Determinants in the Manufacturing Sector in the Baltic States," ConScienS Conference Proceedings 025tl, Research Association for Interdisciplinary Studies.
    13. Charles R. Hulten, 2018. "The Importance of Education and Skill Development for Economic Growth in the Information Era," NBER Chapters, in: Education, Skills, and Technical Change: Implications for Future US GDP Growth, pages 115-146, National Bureau of Economic Research, Inc.
    14. Dong Qiu & Yafei Wang, 2023. "Gross Domestic Products (GDP) is not a Proper Indicator of Measurement and Economic Power Comparison for Emerging Economies: A Judgement from International Distributions of Net Factor Income from Abro," Journal of Economic Statistics, Anser Press, vol. 1(1), pages 1-44, February.
    15. Nadim Ahmad & Paul Schreyer, 2016. "Are GDP and Productivity Up to the Challenges of the Digital Economy?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 30, pages 4-27, Spring.
    16. Andrew Aitken & Martin Weale, 2020. "A Democratic Measure of Household Income Growth: Theory and Application to the United Kingdom," Economica, London School of Economics and Political Science, vol. 87(347), pages 589-610, July.
    17. Barbara M. Fraumeni, 2015. "Choosing a Human Capital Measure: Educational Attainment Gaps and Rankings," NBER Working Papers 21283, National Bureau of Economic Research, Inc.
    18. Charles R. Hulten, 2017. "The Importance of Education and Skill Development for Economic Growth in the Information Era," NBER Working Papers 24141, National Bureau of Economic Research, Inc.
    19. Moshe Syrquin, 2016. "A Review Essay on GDP: A Brief but Affectionate History by Diane Coyle," Journal of Economic Literature, American Economic Association, vol. 54(2), pages 573-588, June.

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