Related topics: economy

Sand from glacial melt could be Greenland's economic salvation

As climate change melts Greenland's glaciers and deposits more river sediment on its shores, an international group of researchers has identified one unforeseen economic opportunity for the Arctic nation: exporting excess ...

Facebook is free, but should it count toward GDP anyway?

For several decades, gross domestic product (GDP), a sum of the value of purchased goods, has been a ubiquitous yardstick of economic activity. More recently, some observers have suggested that GDP falls short because it ...

Using physics to make better GDP estimates

A team of Italian physicists has used economic complexity theory to produce five-year gross domestic product (GDP) estimates for several countries around the world. In their paper published in the journal Nature Physics, ...

Study debunks myth that some nations are happier than others

A new study from The Australian National University (ANU) has challenged the notion that some nations' citizens are happier than others, finding that inequalities within nations have a greater influence on people's happiness.

Study: Climate change damages US economy, increases inequality

Unmitigated climate change will make the United States poorer and more unequal, according to a new study published in the journal Science. The poorest third of counties could sustain economic damages costing as much as 20 ...

Researchers simulate wear of materials as they rub together

Forty years ago, MIT emeritus professor of mechanical engineering Ernest Rabinowicz calculated that 6 percent of the annual U.S. gross domestic product was lost through mechanical wear. His assertion gained enough traction ...

Nations ranked on their vulnerability to cyberattacks

Damaging cyberattacks on a global scale continue to surface every day. Some nations are better prepared than others to deal with online threats from criminals, terrorists and rogue nations.

Going Dutch to help conquer the rising seas

Had nature been left to take its course much of the Netherlands would be a muddy swamp and the tiny coastal nation would never have risen to be the eurozone's fifth largest economy.

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