The first edition of the Indigo Prize for new research on measuring economic activity has awarded a prize to research entitled Making the future count and Improving GDP: Demolishing, Repointing or Extending?
Cecilia Jona-Lasinio, Senior Fellow of the LUISS LAB of European Economics from the Department of Economics and Finance and ISTAT researcher, is among the authors of the winning project Improving GDP on new ways to measure the GDP, conducted alongside Carol Corrado (The Conference Board and Georgetown Center on Business and Public Policy), Kevin Fox (University of New South Wales), Peter Goodridge (Imperial College Business School), Jonathan Haskel (Imperial College Business School, CEPR and IZA), Dan Sichel (Wellesley College) and Stian Westlake (NESTA).
Indigo Prize is a new award created by the LetterOne investment group to recognize the most innovative research on measuring economic activity in the 21st century, to explore growth on both national and international levels. The goal of the prize is to catalyze debate on current measuring systems in use to evaluate the health, size and growth of a modern economy.
Tied for first place with work from Diane Coyle and Benjamin Mitra-Kahn, Improving GDP proposes an extension of the definition of the GDP in line with transformation of the current economic structure in which economic well-being, and intangible, digital and environmental capital are given priority.