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A Wedge Between Two Kazakhstan's Output Measures: What Does It Tell Us, 2000, Lyaziza Sabyrova, RAKURS Center for Economic Analysis. Net Factor Payments account for the difference between the two most commonly-used measures of national output or income, the Gross Domestic Product and Gross National Income. Analysis of the Kazakhstan’s National Accounts and Balance of Payments data shows that starting from early 2000s, the wedge between these two measures (the GNI/GDP ratio) gets bigger. This indicates that a large, and an increasing, amount of income produced within the country, accrues to non-residents. International comparisons also point out that the recent Kazakhstan’s GNI/GDP ratios are among the lowest in the world, and that the rates of return on FDI in Kazakhstan are among the highest in the world.

Posted by Lyaziza Sabyrova (RAKURS Center for Economic Analysis) on 2010-02-25 11:40:34

Genuine saving as macroeconomic indicator of sustainable economic development of Kazakhstan, 2000, Yergali Dosmagambet, RAKURS Center for Economic Analysis. Genuine saving, newly introduced by the World Bank, aims at measuring sustainability of economic development. Despite that real GDP grows up, there has been recently a strong tendency of negative genuine savings in Kazakhstan. It is closely related to the depletion of natural resources, characterized by insufficient investments of the natural rents in renewing the main production assets and human capital and the protection of environment. High cost of natural resources extracting and a difference between world prices and export prices for raw materials show that foreign oil-producing companies withdraw a part of natural rent which is not invested into the economy of Kazakhstan.

Posted by Lyaziza Sabyrova (RAKURS Center for Economic Analysis) on 2010-02-25 11:40:21

Au-delà du PIB : réconcilier ce qui compte et ce que l'on compte, 2000, Isabelle Cassiers, Géraldine Thiry, Université catholique de Louvain. Paper published in Regards économiques, n°75, December 2009 (see http://www.uclouvain.be/regards-economiques.html). Paper previously presented at - Séminaire de politique économique, Louvain-la-Neuve, UCL-IRES, 16 October 2009 - Forum de la régulation, Paris, Sorbonne, 1-2 December 2009 Summary : The Commission on the Measurement of Economic Performance and Social Progress (known as the “Stiglitz Commission”) has officially published its report in September 2009. This publication definitely constitutes an important moment in the public sphere: it recognizes the normative scope of indicators (“what we measure affects what we do”) aswell as the growing gap between, on the one hand, what people feel or observe about their socioeconomic situation and, on the other, what aggregate measures show about it. Though being a significant contribution to the current debates, this report deserves to be further discussed. To this respect, our paper depicts, in an original transdimensional structure, the reasons (exposed in the report) to go “beyond GDP”. Going one step further, our paper critically discusses the need for a “beyond Stiglitz Report”.

Posted by Isabelle Cassiers (Université catholique de Louvain) on 2010-01-21 12:43:46

Au-delà du PIB : réconcilier ce qui compte et ce que l’on compte, 2000, Cassiers Isabelle, Thiry Geraldine, UCL, Belgium. Le PIB est au coeur d'une tourmente. son statut de cible et de repère pour la conduite et l'évaluation des politiques économiques est remis en question. De nouveaux indicateurs tentent de pallier ses lacunes au regard d'objectifs de qualité de vie, de réduction des inégalités, de développement durable. La commission Stiglitz a récemment rendu un Rapport à ce sujet, document qui suscite de nouvelles questions et invite à poursuivre le débat.

Posted by Geraldine Thiry (UCL) on 2010-01-21 12:43:33

Au-delà du PIB : réconcilier ce qui compte et ce que l’on compte, 2000, Cassiers Isabelle, Thiry Geraldine, UCL, Belgium. Le PIB est au coeur d'une tourmente. son statut de cible et de repère pour la conduite et l'évaluation des politiques économiques est remis en question. De nouveaux indicateurs tentent de pallier ses lacunes au regard d'objectifs de qualité de vie, de réduction des inégalités, de développement durable. La commission Stiglitz a récemment rendu un Rapport à ce sujet, document qui suscite de nouvelles questions et invite à poursuivre le débat.

Posted by Geraldine Thiry (UCL) on 2010-01-21 12:43:11

THE STATE OF THE ART IN INDICATORS CONSTRUCTION, in the perspective of a comprehensive approach in measuring well-being of societies, 2000, Filomena Maggino, Università degli Studi di Firenze. Measuring well-being of societies requires a multidimensional and integrated approach aimed at describing the health of societies through a complex multifaceted and compound methodology. The aim of this work is to unravel some important methodological aspects and issues that should be considered in measuring societal well-being in quantitative perspective and in developing indicators of well-being. The purpose is to focus on, to examine closely and to investigate the conceptual issues in defining and developing indicators and the methodologies and operative issues in managing the complexity of the obtained observation, integrating objective and subjective aspects of the reality.

Posted by Filomena Maggino (Università degli Studi di Firenze) on 2010-01-21 12:43:01