FTAlphaville blog:
Disrupting FREEDOM!
30 July 2015
So if innovation seems to be booming, why has productivity growth been muted? A common argument is that the effect of innovation is being incorrectly measured. The advent of the Sharing Economy, which forms a chapter in this report, and free services help support this theory. Much of this is coming out of the Digital Economy and Stanford economist Nicholas Bloom recently said ''You can't be in the Valley without thinking we're in the middle of a productivity explosion.'' Most people don't live in Silicon Valley and an alternative argument, that overall investment spending has remained low post the Global Financial Crisis (GFC) is well founded.
This article was published online by FT Alphaville blog on July 30, 2015
Link to article here
Related links
Nick Bloom webpage
Growth Programme webpage
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