We See Data Everywhere Except in the Productivity Statistics. (28th September 2021)
- Record Type:
- Journal Article
- Title:
- We See Data Everywhere Except in the Productivity Statistics. (28th September 2021)
- Main Title:
- We See Data Everywhere Except in the Productivity Statistics
- Authors:
- Goodridge, Peter
Haskel, Jonathan
Edquist, Harald - Abstract:
- Abstract : This paper uses Labor Force Survey data for European countries to estimate national investment in data assets, where the asset boundary is extended beyond that for software and databases as currently defined in the System of National Accounts. We find that: (a) in 2011–2018, 1.4 percent of EU‐28 employment was engaged in the formation of (software and) data assets, with a mean growth rate of 5 percent per annum; (b) on average in 2011–2016, expanding the asset boundary raises the level of own‐account GFCF in software and databases in the EU‐16 by 61 percent, and mean growth in real investment in own‐account software and data assets to 6.9 percent pa, compared to 2.7 percent pa in national accounts; (c) in 2011–2016, expansion of the asset boundary raises labor productivity growth in the EU‐13 from 0.79 percent to 0.83 percent pa, and the contribution of software and data capital deepening over three‐fold, from 0.03 percent to 0.10 percent pa.
- Is Part Of:
- Review of income and wealth. Series 68:Number 4(2022)
- Journal:
- Review of income and wealth
- Issue:
- Series 68:Number 4(2022)
- Issue Display:
- Volume 68, Issue 4 (2022)
- Year:
- 2022
- Volume:
- 68
- Issue:
- 4
- Issue Sort Value:
- 2022-0068-0004-0000
- Page Start:
- 862
- Page End:
- 894
- Publication Date:
- 2021-09-28
- Subjects:
- data -- information -- software -- investment -- productivity
National income -- Accounting -- Periodicals
332.05 - Journal URLs:
- http://www.blackwell-synergy.com/rd.asp?code=roiw&goto=journal ↗
http://onlinelibrary.wiley.com/ ↗ - DOI:
- 10.1111/roiw.12542 ↗
- Languages:
- English
- ISSNs:
- 0034-6586
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 7790.770000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 24429.xml