FRANCE 24: GDP: Gross Domestic Problem?

Press/Media: Expert comment

Release date: 25/1/2018


"There's emerging agreement that the kind of statistics we've used in the past just aren't working any more," British economist Diane Coyle from the University of Manchester told AFP in Davos.

Coyle is one of several experts who have written books on the subject. Others have detailed proposals such as a "Human Development Index", and a new addition to the literature comes this week from Financial Times journalist David Pilling, entitled "The Growth Delusion".

In Davos, Coyle outlined new thinking that would supplement brute economic data with measurements covering human capital (skills and education), physical infrastructure and "intangible capital" such as computerised data and patents.

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