Economist Diane Coyle speaking at the IMF Statistical forum on Measuring the Digital Economy . (IMF photo)
Gross domestic product, or GDP, is the one statistic that almost everyone knows is used to measure economic growth. But in this podcast, economist Diane Coyle suggests GDP may be a poor measure of prosperity. With all the technological advances in recent years one would expect that economies have become more productive. But when measured in GDP the numbers show the opposite is true. Coyle refers to this phenomenon as the productivity puzzle, and says the mismeasurement of digital activities within the economy has a lot to do with it. Coyle is Professor of Economics at the University of Manchester, and spoke at the IMF Statistical forum on Measuring the Digital Economy.
International Monetary Fund
Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.
Rhoda Metcalfe is an independent journalist and audio producer. Her reporting on the armed conflict in Colombia in the late 90s, as well as her work in Egypt, Turkey and South Africa has won several awards. She now produces podcasts and radio features from Washington DC and is a regular contributor to the IMF Podcast program.