Measuring GDP has been a problem for a long time – particularly since productivity gains started evaporating in the 1970’s – despite the technology revolution. For example, measuring dead capital, or of measuring R&D returns before they end up in productivity, …
Source date (UTC): 2020-11-26 22:41:04 UTC
Original post: https://twitter.com/i/web/status/1332092032370749440
Replying to: https://twitter.com/i/web/status/1332092031154401280
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ON GDP: The rather obvious: If an activity doesn’t result in productivity by definition it’s not contributing to productivity – the relative total competitiveness of different polities.
Original post: https://x.com/i/web/status/1332092031154401280
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