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Review article

LIMITATIONS OF THE GDP AS A MEASURE OF PROGRESS AND WELL-BEING

Anita Frajman Ivković ; Josip Juraj Strossmayer University of Osijek, Faculty of Economics in Osijek, Osijek, Croatia

Fulltext: english, PDF (214 KB) pages 257-272 downloads: 12.792* cite
APA 6th Edition
Frajman Ivković, A. (2016). LIMITATIONS OF THE GDP AS A MEASURE OF PROGRESS AND WELL-BEING. Ekonomski vjesnik, 29 (1), 257-272. Retrieved from https://hrcak.srce.hr/161028
MLA 8th Edition
Frajman Ivković, Anita. "LIMITATIONS OF THE GDP AS A MEASURE OF PROGRESS AND WELL-BEING." Ekonomski vjesnik, vol. 29, no. 1, 2016, pp. 257-272. https://hrcak.srce.hr/161028. Accessed 27 Nov. 2020.
Chicago 17th Edition
Frajman Ivković, Anita. "LIMITATIONS OF THE GDP AS A MEASURE OF PROGRESS AND WELL-BEING." Ekonomski vjesnik 29, no. 1 (2016): 257-272. https://hrcak.srce.hr/161028
Harvard
Frajman Ivković, A. (2016). 'LIMITATIONS OF THE GDP AS A MEASURE OF PROGRESS AND WELL-BEING', Ekonomski vjesnik, 29(1), pp. 257-272. Available at: https://hrcak.srce.hr/161028 (Accessed 27 November 2020)
Vancouver
Frajman Ivković A. LIMITATIONS OF THE GDP AS A MEASURE OF PROGRESS AND WELL-BEING. Ekonomski vjesnik [Internet]. 2016 [cited 2020 November 27];29(1):257-272. Available from: https://hrcak.srce.hr/161028
IEEE
A. Frajman Ivković, "LIMITATIONS OF THE GDP AS A MEASURE OF PROGRESS AND WELL-BEING", Ekonomski vjesnik, vol.29, no. 1, pp. 257-272, 2016. [Online]. Available: https://hrcak.srce.hr/161028. [Accessed: 27 November 2020]

Abstracts

The subject of this paper is the gross domestic product that has become a universal measure of progress and well-being. However, its usage for this purpose is inadequate, inappropriate and wrong since this economic measure does not reflect anything more than productivity. Moreover, it was never designed to be more than just a monetary measure and, besides that, it has a lot of limitations and weaknesses that are not sufficiently presented to the general public or in academic papers. In this paper the limitations of the GDP are shown by defining and describing its historical aspects Moreover, the SWOT analysis is used to emphasize the weaknesses and restrictions of this monetary measure. Structured critiques of the gross domestic product make way for other measures of progress and well-being to be recognized and used in a more comprehensive way.

Keywords
GDP; GDP limitations; progress; well-being; alternative measures

Hrčak ID: 161028

URI
https://hrcak.srce.hr/161028

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