Economic Growth: Measuring HDI, GPI, and OECD Better Life Index

In course

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Description

This lecture explores alternative measures to GDP, such as HDI, GPI, and the OECD Better Life Index, to assess economic growth and well-being. It delves into the calculation methods of HDI, the impact of income inequality on GPI, and the challenges in valuing untraded resources. The presentation also discusses the evolution of Human Development Index values across different country groupings and the factors influencing the slowdown in economic growth, including tertiarization, innovation failure, and unaccounted production. Moreover, it analyzes the shift towards a service-based economy in Switzerland and the trends in employment sectors. The lecture concludes by examining the real GDP per capita trends in Switzerland since 1948.

Instructor

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Official source