Google and the use and abuse of economic modelling
In its efforts to avoid regulation, Google commissioned economic modelling showing that Google providing tens of billions of dollars in benefits to Australia – but the figures quickly fell apart on closer inspection from the Australia Institute’s Centre for Responsible Technology. In this episode, chief economist Richard Denniss talks us through some of the assumptions in Google’s modelling, how other industries have used and abused this tool and why Google hates the news media bargaining code.
The Australia Institute // @theausinstitute
Host: Ebony Bennett, Deputy Director at the Australia Institute // @ebony_bennett
Guest:
Richard Denniss, Chief Economist The Australia Institute // @RDNS_TAI
Producer: Jennifer Macey
Theme Music: Pulse and Thrum
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Facebook and Google having too much market power is a threat to democracy
Forget about how much you loathe Rupert Murdoch for a minute. The well-earned ire for the media mogul’s empire is muddying the waters in the huge battle over the news media bargaining code, a battle Australia cannot afford to lose. At stake is the future of public interest journalism, as well as the ability of
Secrecy is not security
Excessive secrecy in government decision-making makes Australia less safe, not more.
New Analysis: Google’s assessment of Google vastly overstated
New Australia Institute analysis shows Google’s estimates of its economic importance to Australia are vastly overstated, and Google’s claims to generate benefits of $39 billion for businesses and $14 billion for consumers do not withstand even the most basic scrutiny. Nevertheless, the tech giant uses those figures to claim it is as important to the