A better indicator for standard of living: The Gross National Disposable Income

Clara Capelli, Gianni Vaggi, 6 March 2014

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Traditionally, the Gross Domestic Product is the most widely accepted indicator of an economy’s size and performance, although in the last decades many contributions have suggested to adopt alternative tools to measure people’s wellbeing (see Stiglitz, Sen, and Fitoussi 2008).

Topics: Development
Tags: GNDI, GNI, PPP, Remittances

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