Prompted by the work of the Stiglits’s Commission, the growing attention to well-being and sustainability frameworks is now starting to relate to policy evaluation.
MAKSWELL project, funded by European Commission (Open and inclusive societies program) aims to extend and harmonising the indicators able to capture the main characteristics of the beyond-GDP approach proposing a new framework that includes them in the evaluation of the public policies. At the same time MAKSWELL project would like to improve the most appropriate traditional indicators available using the new data collection tools and modern statistical methods to have timely and accurate data.
Particularly WP2, WP3 and WP4 will help in the production of timely indicators selecting also new data sources (big data) and integrating them with traditional data (registers, survey data), especially where there are data gaps; the production of local estimates of poverty and living conditions are an example of the objectives of the WPs. WP5 will extend the previous results providing tools for policy making. It will provide at a macro level a framework that include in the traditional macro econometric models specific measures for well-being.
At this point, works on WP1 and the reflection paper on considered aims to shed lights on new Framework Programme for research and innovation (FP9), are concluded, while the activities on WP2, WP3 and WP4 are currently ongoing.