de maig 2013 ~ Kepa G. de Latorre

Economics

It's a battle of the ideas. Watch. Read. Be critical. Argue. Figure things out.

dimarts, 28 de maig del 2013

When GDP is not a good indicator (and why)

28.5.13 distribution , economía , economics , externalidades , GDP , HDI , indicators , per capita , PIB , positive externality , Teaching , unequality No comments

This year our outcome is just 2 chickens... I eat them both. None for you. GDP will say we have 1 chicken per capita. goo.gl/lz9EA — Kepa G. de Latorre (@KepaGdeLatorre) 30 de maig de 2013 GDP is widely used as an indicator of development. As a matter of fact it is the main indicator mass media, economists and politicians use to show how an economy is performing, and we rarely see other figures. However, GDP is not always a good indicator,...