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GDP: Imperfectly Measured, Often Abused

Summary:
The Economist recounts the reasons why the quality of GDP measurement is lacking and why GDP measures cannot answer all the questions they are used to address.

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The Economist recounts the reasons why the quality of GDP measurement is lacking and why GDP measures cannot answer all the questions they are used to address.

Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

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