Monday, September 7, 2009

Economists Measure GDP Growth From Outer Space

Increased nighttime lighting indicates economic growth in Poland and Eastern Europe between 1992 (left, above) and 2002. Poland is in the top left quarter of each image. (Credit: NOAA and USAF Weather Agency)

From Science Daily:

ScienceDaily (Sep. 6, 2009) — Outer space offers a new perspective for measuring economic growth, according to new research by three Brown University economists. In a National Bureau of Economic Research working paper, J. Vernon Henderson, Adam Storeygard, and David N. Weil suggest a new framework for estimating a country or region’s gross domestic product (GDP) by using satellite images of the area’s nighttime lights.

Read more ....

No comments: