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Economic Well-being and British Regions: The Problem with GDP Per Capita

机译：经济福祉与英国地区：人均GDP问题

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Economists and policy-makers often present per capita gross domestic product (GDP) as by far the most significant indicator of economic well-being. Such measures are frequently adopted in making international comparisons, constructing time-series for particular countries and in studies of regional inequality. In this paper we challenge this view using a regional analysis of 2001 data focusing upon differences between London and the south-eastern regions, in comparison to the rest of Great Britain (GB). Initially GDP per capita is decomposed into the demographic and labour-market factors which generate it. Thereafter we broaden the notion of work-time used in productivity measures to include other necessary work-related activity, namely commuting. This leads to us to construct a new indicator which we call social productivity. Our conclusion is that our decomposition and notion of social productivity are both relevant in comparisons of regional well-being; in addition such methods may be used fruitfully in international and historical contexts.
机译：经济学家和决策者通常将人均国内生产总值（GDP）表示为迄今为止经济状况最重要的指标。在进行国际比较，为特定国家建立时间序列以及研究区域不平等时，经常采用这种措施。在本文中，我们通过对2001年数据进行区域分析来质疑这种观点，该分析着眼于伦敦和东南地区与其他大不列颠（GB）相比的差异。最初，人均国内生产总值被分解为人口和劳动力市场因素。此后，我们将生产力度量中使用的工作时间的概念扩展到包括其他必要的与工作相关的活动，即通勤。这导致我们构建了一个称为社会生产力的新指标。我们的结论是，我们对社会生产力的分解和概念与区域福祉的比较都息息相关。另外，这种方法可以在国际和历史背景下有效地使用。

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