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The Consequences of Mismeasuring Economic Activity

Project description

A better measure of economic activity

Measuring economic activity is a fundamental challenge. For instance, consider production problems such as how a firm produces goods from intermediate goods or how income of an individual is produced from the individual's cognitive and non-cognitive skills. Such inputs (intermediate goods or skills) are inherently difficult to measure and researchers often wonder whether their data actually measure what they are supposed to measure. The EU-funded MEImpact project will develop a new methodology for formally assessing the potential impact of measurement error (ME), which is the difference between a measured quantity and its true value. The project aims to change how empirical researchers approach measurement issues and prevent misleading conclusions and policy decisions.

Call for proposal

ERC-2019-STG
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Host institution

UNIVERSITY COLLEGE LONDON
Address
Gower Street
WC1E 6BT London
United Kingdom

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Activity type
Higher or Secondary Education Establishments
EU contribution
€ 1 337 016

Beneficiaries (1)

UNIVERSITY COLLEGE LONDON
United Kingdom
EU contribution
€ 1 337 016
Address
Gower Street
WC1E 6BT London

See on map

Activity type
Higher or Secondary Education Establishments