QUARTZ: 13 economists on the research that shaped our world in 2017

Description

Accounting for Growth in the Age of the Internet: The Importance of Output-Saving Technical Change (pdf) by Charles Hulten and Leonard Nakamura

Main finding: Living standards may be growing faster than GDP growth.
Nominating economist: Diane Coyle, University of Manchester
Specialization: Economic statistics and the digital economy
Why? “This paper tries to formalize the intuition that there is a growing gap between the standard measure of GDP, capturing economic activity, and true economic welfare and to draw out some of the implications.”