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The Times

Take care when examining the economic impact of fires. GDP doesn't tell the full story

  • Written by Janine Dixon, Economist at Centre of Policy Studies, Victoria University
Take care when examining the economic impact of fires. GDP doesn't tell the full storyIt is possible to calculate the impact impact of fires, but not using GDP.Shutterstock/Andrew Brownbilll/AAP

Estimates of the economic damage caused by the bushfires are rolling in, some of them big and some unprecedented, as is the scale of the fires themselves.

These types of estimates will be refined and used to make – or break – the...

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