Joseph Stiglitz, Martine Durand, Jean-Paul Fitoussi, 29 July 2019

If what experts say has little or no relation to what people feel or can see all around them, it’s inevitable that they stop believing the experts and the politicians they advise, and look for answers elsewhere. This column introduces the work of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress, which argues that we need to develop datasets and tools to examine the factors that determine what matters for people and the places in which they live. Having the right set of indicators, and anchoring them in policy, will help close the gap between experts and ordinary people that are at the root of today’s political crisis.

Filippo di Mauro, Paloma Lopez-Garcia, Marta Colombo, 11 February 2019

There is growing demand from academia and policymakers for cross-country comparable firm data. CompNet aims to provide such data and to improve understanding of the drivers of competitiveness. Among the findings in the latest cross-country report are that healthy firms are more likely to be credit constrained in the presence of a high share of distressed firms; that the disconnection between real wages and productivity growth in the post-crisis period has been rather heterogeneous across EU firms; and that exporting firms are more productive, larger, pay higher wages, and employ more qualified personnel.

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