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Nov 13 2019

THE ANNUAL NATSEM ADDRESS

Each year since 2015, the National Centre for Social and Economic Modelling (NATSEM) at the University of Canberra invites an influential thinker to deliver a NATSEM address. As a Centre that aims to inform Australian social and economic policy, this address seeks to get people in our community thinking about big policy issues affecting their everyday lives.In 2019, we have the pleasure of Dennis Trewin AO FASSA, and former Australian Statistician, who will be talking about measuring wellbeing.Historically GDP has generally been used for a measure of national well-being although it was never designed for this purpose. The Australian Bureau of Statistics was the first national statistical office to publish an alternative approach with its Measures of Australia’s Progress (MAP) publication first released in 2002. This attracted global interest and an invitation for me to be a keynote speaker at OECD’s first World Forum entitled Statistics, Knowledge and Policy. Discussions at the Forum led the OECD to begin its Beyond GDP initiative which has, in turn, inspired a number of countries and jurisdictions within countries to look at alternative ways of measuring progress on well-being with some going as far as incorporating measures within their budgetary process (eg New Zealand). The ACT Chief Minister has recently announced that it will be developing a set of indicators of well-being indicators to enable an assessment of Government performance with the Chief Minister releasing the proposed indicators on Canberra Day 2020.The address will describe the primary methods for measuring well-being (composite index of well-being indicators, suite of indicators as was used for MAP, and adjusted GDP) with real examples of all methods both nationally and internationally. The address will illustrate the strengths and weaknesses of each approach and discuss the underlying conceptual and statistical frameworks.Whilst GDP is a necessary measure to understand national well-being, some Australian examples will be used to illustrate why it is clearly not sufficient. The address will conclude by discussing the role of national statistical offices in these initiatives.For catering purposes, please register.

17:30 - 19:30
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