Forbes contributors publish independent expert analyses and insights. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for ...

Never confuse an accounting identity with a causal economic relationship. The easiest way to be wrong in economics is to reason from an accounting identity. That’s because an accounting identity tells ...

Real GDP measures the inflation-adjusted value of all goods and services produced in an economy. Its growth comes from three sources (the Solow growth accounting identity): More labor (hours worked or ...

Note: The quarter-on-quarter growth rate refers to the seasonally adjusted growth rate over the previous quarter. Refer to the National Bureau of Statistics (NBS) database (https://data.stats.gov.cn) ...

For decades, Ghana has measured economic progress largely through what it extracts from the earth—gold, timber, oil, and other natural resources. Yet one critical question remains largely unanswered: ...