Measuring the New Economy
Digital technology has been reforming the economy in an unprecedented way. It brings along new business models, increasing varieties of goods, widespread availability of free services, and ever-growing importance of intangible assets. All of these have a profound impact on the measurement of economic activity and, thus how we understand economic prosperity and, ultimately, social welfare. With big data enabled by technology, Luohan Academy works closely with academia, policy-makers, and business leaders to achieve ever-updating insights on the fundamental changes and measurement of the actual impact.