A penny spent is a penny earned (by someone else): Measuring GDP

S Borağan Aruoba, Francis X. Diebold, Jeremy J Nalewaik, Frank Schorfheide, Dongho Song, 3 December 2013

a

A

“A growing number of economists say that the government should shift its approach to measuring growth. The current system emphasises data on spending, but the bureau also collects data on income. In theory the two should match perfectly – a penny spent is a penny earned by someone else.

Topics: Frontiers of economic research
Tags: data, GDP, measurement, national income accounting, unemployment, US

Inclusive growth revisited: Measurement and evolution

Rahul Anand, Saurabh Mishra, Shanaka J Peiris, 17 August 2013

a

A

Inclusive growth refers to both the pace and distribution of economic growth.

For growth to be sustainable and effective in reducing poverty, it needs to be inclusive (Berg and Ostry 2011a, Kraay 2004);

Topics: Global crisis, Macroeconomic policy
Tags: growth, measurement, metrics

Vox eBooks