Establishing the “Gross Domestic Product of Welfare”: A Major Revision of GDP for a Better Accounting System

Gross Domestic Product (GDP) has long been the most widely used measure of the national economy. The pursuit of economic growth exacts too high a toll in every country. Therefore, it is theoretically and practically significant to propose and establish a new index to measure the...

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Bibliographic Details
Main Authors: Enfu Cheng, Lichun Cao
Format: Article
Language:English
Published: Pluto Journals 2014-11-01
Series:World Review of Political Economy
Online Access:https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.5.4.0439