The Measure of Economies: Measuring Productivity in an Age of Technological Change
2024
HKS Authors
See citation below for complete author information.
Professor of the Practice of Public Policy, HKS; Professor of the Practice of Economics, FAS
Abstract
The sense that recent technological advances have yielded considerable benefits for everyday life, as well as disappointment over measured productivity and output growth in recent years, have spurred widespread concerns about whether our statistical systems are capturing these improvements (see, for example, Feldstein, 2017). While concerns about measurement are not at all new to the statistical community, more people are now entering the discussion and more economists are looking to do research that can help support the statistical agencies.
Citation
Dynan, Karen, and Louise Sheiner. "GDP as a Measure of Economic Well-Being." The Measure of Economies: Measuring Productivity in an Age of Technological Change. Ed. Reinsdorf, Marshall B. and Louise Sheiner. Chicago: The University of Chicago Press, 2024.