Thought Leadership: What is the GDP Impact of Free Technology?
From search engines to GPS, the mark of this latest iteration of technological evolution is that so much innovation is made available to consumers for free. Despite the advent of companies like Google, Uber and Facebook, economic growth has been below trend for the last decade or more. Increasingly, economists are beginning to ask the question, “Is GDP, which measures the value of products and services sold and bought, being underestimated by the widespread use of free technology?”
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