economic measurement

Publication date: 24 Jul 2019 | Publication type: National Institute Economic Review | Authors: Coyle, D, Nguyen, D | JEL classification: E01, L86, D24 | Journal: National Institute Economic Review Issue 249 | Publisher: Sage Publications, London
When economists talk about ‘measurement’ they tend to refer to metrics that can capture changes in quantity, quality and distribution of goods and services. In this paper we argue that the digital transformation of the economy, particularly the rise of cloud computing as a general-purpose...
Publication date: 24 Jul 2019 | Publication type: National Institute Economic Review | Authors: Aitken, A | JEL classification: I31, D31, E01 | Journal: National Institute Economic Review Issue 249 | Publisher: Sage Publications, London
Gross Domestic Product (GDP) is often treated as shorthand for national economic well-being, even though it was never intended to be; it is a measure of (some) of the marketable output of the economy. This paper reviews several developments in measuring welfare beyond GDP that were recently...