The University of Queensland, School of Economics – Colin Clark Memorial Lecture - ONLINE ONLY
From: Thursday March 3, 2022, 12:00 pm
To: Thursday March 3, 2022, 1:00 pm
GDP-B: Accounting for the value of new and free goods in the digital economy
Digital media consumes a huge portion of our lives with the average Australian spending almost 40 hours per week online. That is roughly the same amount of time as a full-time job spent on smartphone apps, searching Google, scrolling social media, following maps, studying online, streaming music, videos and more. But these goods and services go largely uncounted in official measures of economic activity such as GDP and productivity.
In this webinar, Professor Erik Brynjolfsson, Stanford University, will explain how potential mismeasurement can arise from not fully accounting for such digital resources, while also putting forward a new metric labelled GDP-B, as it captures the benefits associated with new and free goods and is seen to go “beyond GDP”.
Date: Thursday 3 March 2022
Time: 12–1pm AEST
Venue: Virtual event. For more details and registration click here: https://bit.ly/3guCPvz