Abstract:The paper describes some of the main economic indicators such as the Genuine Progress Indicator (GPI), Sustainable Net Benefit Index (SNBI) and the Human Development Index (HDI) that have been intended to replace or supplement Gross Domestic Product. Based on our analysis, we conclude that none of the indicators is still able to replace GDP because of the difficulties in data collection and the lack of sufficient objectivity in the types of information used. Meanwhile, each indicator draws attention to importa… Show more
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