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What is the Genuine Progress Indicator and how is it typically calculated?

In: Sustainable Welfare in the Asia-Pacific

Author

Listed:
  • Philip Lawn
  • Matthew Clarke

Abstract

Frequent references are made to the ‘Asian economic miracle’ as a means of describing the wave of GDP growth experienced across the Asia-Pacific region over the past twenty years. Implicit in this description is the assumption that the Asia-Pacific region has progressed at the same rate that GDP has risen over the same period. But is this truly the case? Employing a Genuine Progress Indicator as an alternative measure of sustainable welfare, the contributors to this book aim to answer this question by presenting case studies of seven Asia-Pacific nations. The results reveal that all is not as positive as conventional indicators might suggest.

Suggested Citation

  • Philip Lawn & Matthew Clarke, 2008. "What is the Genuine Progress Indicator and how is it typically calculated?," Chapters, in: Phillip Lawn & Matthew Clarke (ed.), Sustainable Welfare in the Asia-Pacific, chapter 3, pages 47-68, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:12868_3
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