11
January
2019
|
17:02
Europe/Amsterdam

Measuring the economy: Look to human capital

NUS Business Associate Professor Toh Mun Heng noted that the wage bill as a proportion of gross domestic product is becoming outdated amid structural changes. He opined that a more nuanced approach is needed as the line between labour and capital blurs. http://news.nus.edu.sg/sites/default/files/resources/news/2019/2019-01/2019-01-11/ECONOMY-st-11jan-pA24.pdf