This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of ...

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To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Economic development means different things to different ...

Three major foundations are abandoning feel-good metrics for hard data on economic transformation, pioneering new ways to measure whether their workforce investments create lasting change. In 2008, ...

A recent investment bank research article suggested that generative AI could drive a 7% uptick in global GDP. What if, though, such statements were a kind of category error? What if AI were so ...

Different ways of measuring the economy’s unused capacity, or slack, can result in varying inflation forecasts. Estimates suggest that direct measures of labor market tightness, such as the ratio of ...