The debate over economic data

Criticisms of India’s data and specially the national accounts, which became common after the base change to 2011-12, tend to ...
THE WEEK

Is GDP the best way to measure economic growth?

A senior Labour shadow minister has suggested that the party could adopt a radically different approach to measuring the health of the economy, amid growing pressure worldwide to ditch GDP as a ...
Wall Street Journal

When GDP Won’t Do: A New Method For Measuring Digital’s Value

Most measures of economic performance used by government officials to inform their policies and decisions are based on gross-domestic-product figures. But concerns have long been raised that GDP-based ...
The Conversation

Beyond GDP: changing how we measure progress is key to tackling a world in crisis – three leading experts

Paul Allin is a member of the UK National Statistician's Expert User Advisory Committee and he is the Royal Statistical Society's Honorary Officer for National Statistics. Views expressed in this ...
San Francisco Fed

Using Chain-Weighted NIPA Data

This Economic Letter discusses a topic that at first glance appears to be boring and technical but that in fact turns out to be quite important: the proper interpretation of chain-weighted data. To ...
Seeking Alpha

Forget GDP, GDPplus Is For Savvy Investors

I discuss the importance of understanding where the economy is in the business cycle for investors, highlighting the difficulty in predicting recessions. I suggest that GDPplus, a model introduced by ...
Scientific American

GDP Is the Wrong Tool for Measuring What Matters

Since World War II, most countries around the world have come to use gross domestic product, or GDP, as the core metric for prosperity. The GDP measures market output: the monetary value of all the ...
Forbes

Redefining GDP And Economic Growth In Inclusive Capitalism Terms

This last piece in a 5-article series, adapted from a speech I gave at a BritishAmerican Business virtual conference in September, suggests that while GDP has served a useful purpose in terms of ...
JSTOR Daily

ADDRESSING MEASUREMENT ERROR BIAS IN GDP WITH NIGHTTIME LIGHTS AND AN APPLICATION TO INFANT MORTALITY WITH CHINESE COUNTY DATA

As an emerging research area, application of satellite-based nighttime lights data in the social sciences has increased rapidly in recent years. This study, building on the recent surge in the use of ...
American Banker

Changing US economic data would boost costs for banks

Like other facets of the federal bureaucracy, government-collected data could soon bear the imprints of the Trump administration. The change would likely prove costly for banks and other businesses.
San Francisco Fed

Is GDP Overstating Economic Activity?

Since late 2015, growth in real GDP has consistently exceeded that in real GDI, a prominent alternative measure of aggregate output, with an average difference of about 0.65 percentage point. Is real ...