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Persuasion is now 30 per cent of US GDP


  • Gerry Antioch

    (Treasury, Government of Australia)


Persuasion is the common thread in almost all voluntary transactions. With persuasion’s footprint in the modern economy substantial and growing, this paper briefly scans the recent literature and suggests the McCloskey-Klamer estimate of the persuasion content of GDP could now be higher.

Suggested Citation

  • Gerry Antioch, 2013. "Persuasion is now 30 per cent of US GDP," Economic Roundup, The Treasury, Australian Government, issue 1, pages 1-10, April.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2013_1_1

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    References listed on IDEAS

    1. Stergios Skaperdas & Samarth Vaidya, 2012. "Persuasion as a contest," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 51(2), pages 465-486, October.
    2. Sendhil Mullainathan & Andrei Shleifer, 2005. "Persuasion in Finance," NBER Working Papers 11838, National Bureau of Economic Research, Inc.
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    More about this item


    Economic persuasion;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts


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