This week's IGM Economic Experts Panel statement:
The biggest reason for the measured slowdown in US productivity growth since the mid-2000s is that productivity increases have gone mismeasured, including new and better products and services that have been insufficiently captured by real output data.
Keyword: mismeasurement
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This week's IGM Economic Experts Panel statements:
A) The association between health and economic growth in poor countries primarily involves faster growth generating better health, rather than the other way around.
B) The decline in the fraction of people with incomes under, say, $1 per day is a good measure of whether well-being is improving amount low-income populations.
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