In April 2015, the French Senate and the Parliament passed a law introducing the New Indicators of Wealth. The law requires, at the same time as the draft budget bill, the publication of an annual report using alternative indicators to GDP, with a view to modifying the statistical framework within which national economic policies are made.
This calls for a discussions on policy implementation potential for these New Indicators of Wealth : they must be set in a long-term context in order to evaluate their capacity to redefine national economic policy objectives.
In partnership with ADEME and IRISSO (Université Paris-Dauphine), IDDRI is co-supervising a doctoral thesis aimed at assessing the practical utility and policy implementation of the New Indicators of Wealth.
This initiative is intended to:
- Build new insights on the use of such indicators in the field of public policy
- Create synergies with IDDRI’s current initiatives on the SDGs.
This three-year research initiative is divided into three main phases. The first phase was conducted between 2016 and 2018 in France and helped to produce an initial case study on the use of the law as a tool to institutionalise the New Indicators of Wealth. The ultimate scope of the initiative is to evaluate the difficulties inherent in the policy implementation of such indicators, with a view to eventually begin integrating the New Indicators of Wealth into the broader framework of the SDGs.