The digital economy, GDP and consumer welfare, CRIW workshop of the NBER summer institute[M]. Sydney: Cambridge MA, 2017. [12]Jolliff W, Nicholson J R. Measuring the digital economy: An update incorporating data from the 2018 comprehensive update of the industry economic accounts[J]. US ...
We examine this measurement problem when the agency uses any standard price index formula for its deflation of a value aggregate, such as GDP. We also apply the methodology to the problem of measuring the effects of product substitutions for disappearing items. Our exact expressions for biases ...
Consumer Welfare in the Digital Economydoi:10.2139/ssrn.3733700Digital goods generate a large amount of consumer welfare but these welfare gains are not properly measured in existing macroeconomic measures. This chapter sumSocial Science Electronic Publishing...
The deficit-to-GDP ratio was kept at 2.8 percent, and central government revenue and expenditure were in line with budget projections, with expenditure slightly lower than the budgeted figure. A basic equilibrium was maintained in the balance of payments, and the RMB exchange rate remained stable ...
The industrial mix of the primary, secondary, and tertiary industries was adjusted to 4.0: 40.5: 55.5. New economy accounted for 25.3% of the province’s GDP. The energy consumption per unit of GDP is estimated to drop by 3.7%. The general public budget revenue increased by 4.5% to 1.27...
GDP at 70: why genuinely sustainable development means settling a debate at the heart of economics Researchers advocating reform of the world’s main measure of growth have an opportunity to participate in the process that sets the rules. Editorial9 Aug 2023 Nature Clean energy can fuel the ...
Gross domestic product (GDP) of the year grew by 3 percent. A total of 12.06 million urban jobs were added, with the year-end surveyed urban unemployment rate falling to 5.5 percent.The consumer price index (CPI) rose by 2 percent. The total volume of trade in goods rose by 7.7 percent...
(gdp) reached 114 trillion yuan, growing 8.1 percent. national fiscal revenue exceeded 20 trillion yuan, growing 10.7 percent. a total of 12.69 million urban jobs were added, and the average surveyed unemployment rate sto...
This is because a policy that lifts the level of green development without stabilizing its volatility might not necessarily improve the societal welfare in these nations. Simultaneously, this paper also advances the initial study of the relationship between digital finance and green development into the...
In 2022, mobile technologies and services generated 5% of global GDP, a contribution that amounted to $5.2 trillion of economic value added, and supported 28 million jobs across the wider mobile ecosystem. 5G will underpin future mobile innovation and services, building on ongoing deployments and ...