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Abstract:

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CentrePiece Article
Hooray for GDP!
Nicholas Oulton
December 2012
Paper No' CEPCP383:
Full Paper (pdf)

CentrePiece 17 (3) Winter 2012

The idea of having GDP growth as the main target of economic policy has been under attack in recent years. The article answers some of the criticisms and argues that continued GDP growth would be good for the UK - and not just in the short term to reduce high levels of unemployment.

This article summarises ‘Hooray for GDP!’ by Nicholas Oulton, CEP Occasional Paper No.30, August 2012 and a submission to the LSE Growth Commission.