Gross output, the market value of all goods and services produced by an industry, is a good metric to assess sheer volume of production as well as a means of comparison between industries.
Publications
May 9, 2022
Russian aggression in Ukraine means “hunger will haunt the world.” Recent increases in our understanding of biology have given us the most powerful tools we’ve ever had to address the challenges we face. But they are impeded by regulatory policies driven by fear rather than informed by science and experience.
May 8, 2022
Wild salmon are in trouble worldwide. Many Pacific and Atlantic populations have disappeared or declined to record lows. But recent advances in biotechnology can play an important role in conserving wild salmon while simultaneously increasing the availability and quality of farmed salmon—an important and valued food for humans with enormous cultural significance.
May 8, 2022
Biden antitrust is nothing but the Progressives’ agenda to endorse a populist “big is bad” stance and advocating for firms to be trimmed down so that none can ever exercise market power, even if such exercise benefits consumers and promote innovation.
May 6, 2022
ITIF supports SEC’s efforts to ensure publicly traded companies disclose relevant information on their cybersecurity practices and material cybersecurity incidents, which would enable investors to make more informed decisions, in line with existing SEC disclosure requirements. This type of transparency will not only help investors make more informed decisions, but it should also incentivize companies to adopt cybersecurity best practices.
May 5, 2022
Obama showed how easy it is to slip into populist rhetoric. He directed most of the blame at the sophisticated actors actively generating the disinformation, but he also accused social media companies of allowing disinformation to protect their profits.
May 4, 2022
Blaming social media for weakening democracy globally also seems to be an incomplete portrayal that ignores many other factors at play.
May 3, 2022
Brazil’s innovative use of electronic invoices (EIs) to provide granular, monthly analysis of domestic economic and foreign trade activity provides a case study for how countries need to put in place the legal and administrative framework, plus the skills, to allow this type of data sharing and analysis. However, analysis of EIs to show domestic production and imports of critical COVID-19 products, and as part of negotiations at the World Trade Organization, show the value of building this data collection and analysis capability.
May 2, 2022
President Biden’s proposed budget provides significant increases for the Federal Trade Commission (FTC) and the Department of Justice’s (DOJ) Antitrust Division.
May 2, 2022
The best way to regulate competition and enforce antitrust to prevent anticompetitive conduct remains the judicial process: Judge-made law better preserves adherence to the rule of reason, efficiency considerations, and, more generally, to the rule of law, which provides greater legal certainty. In other words, the enforcement of antitrust laws ought to remain predominantly dynamic, using the evolutionary process of the court system.