In a review of Diane Coyle’s GDP: A Brief but Affectionate History, aptly titled “Measuring the Unmeasurable,” James Grant highlights many of the difficulties involved in aggregate statistical ...
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 ...
IMF researchers show that satellite data, especially nighttime lights combined with machine learning can reliably estimate ...
What’s the best way to gauge the health of the economy? Gross domestic product, a measurement that calculates the value of all goods and services produced, has long been a good way to take the ...
French president Nicolas Sarkozy drew heat last month when he suggested that countries should factor happiness into their statistics for growth. After all, Sarkozy campaigned on promises of wealth ...
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 ...
The new series of Consumer Price Index (CPI), used for measuring retail inflation, is going live from February 2026. The Ministry of Statistics and Programme Implementation (MoSPI) has announced ...
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 ...
Is GDP a useful measure? You would think so. News bulletins still solemnly report the latest infinitesimal adjustments to the previous quarter's growth figures, as if tiny tweaks to provisional ...
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