4 ms·
What did it do to GDP? (Sincerely asking)
by hammock 10mo ago
What did it do to GDP? (Sincerely asking)
- dataviz1000 10mo agoI wonder myself this too. Would people have to say "If NYC was a country would its GDP be 11th largest in the world compared to being the 12th largest GDP in the world like in 2024?" What we can quantify is the economic impact the San Antonio River Walk has or the impact the Atlanta Beltline has which is billions of dollars in added economic activity. Based on those examples, likely it will increase the NYC GDP by millions if not hundreds of millions. We can prove with dollar amounts getting rid of cars in these cases increase the GDP by billions but in NYC they are only decreasing them so probably won't have the positive impact completely getting rid of cars does.
- tonymet 10mo agoand downtown activity. i know NYC rebounded better than most us cities, but nearly all of them still ended lower than pre-Covid
- petesergeant 10mo agoNo city has reliable data on this for a fleet of reasons. The high quality data tends to show little effect on retail foot traffic, slightly more reliable commute times, and then the wealth of health benefits. Linking this to output seems to be beyond economists for cities that have done something similar (London, Stockholm, Milan, etc)
- hammock 10mo agoIs this an AI assisted answer?
- petesergeant 10mo agoNot every comment that disagrees with you was written by a computer
- jazzyjackson 10mo agoDoubting the humanity of other community members ought to be against guidelines
- lomase 10mo agoHow much respiratory disseases and deaths asociated with polution do to GDP? (Sincerely asking)
- tim333 10mo agoI'm not sure GDP is a good guide there since whether you drop dead at 60 or 80 doesn't effect the GDP much. Though obviously there's a value to the individual there.
- lomase 10mo agoIn most of the civilized world the goverment takes a big chunk of the GDP for health care so their citizens dont die. Does your goverment just let people die?
- orwin 10mo agoSince GDP growth in the US is dependant on medical care and on new car sales, it probably decreased it on the short term. A sudden decrease in car crash would probably decrease the GDP the year it happen, then the fact that less people are dying or disabled would probably increase it in the long run. It will probably have the same effect here.
- tim333 10mo agoAnecdotally, living in London where we have congestion charge, I doubt it changed GDP much. GDP is basically total spend and if people don't spend on one thing they'll probably spend on another. In terms of real economic output I'd guess it helped a bit as it made things quicker for workmen who needed to get around while reducing the more leisure driving. But we've had lots of much larger changes like covid and brexit that would probably drown things out in the numbers.