‘The Index goes beyond a simple measure of GDP growth in trying to determine relative changes in well-being across similarly developed countries. Indeed, given the tenuous link between government policy and short term economic growth, the Index is better suited to identifying areas which government can influence in order to improve the economic fundamentals’.
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About John McLaren
Independent economist at Scottish Trends. Previously worked at Fiscal Affairs Scotland, H.M. Treasury and at the Scottish Office. Honorary Professor of Public Policy at the Adam Smith Business School, Glasgow University.