OECD Expert Briefing: How do we measure GDP in the Digital Economy?
Digitalization is having a profound impact on our economies, and society in general. New goods and services are being produced. The role of data and intellectual property products (IPP) is rising. Digitization is also blurring the line between consumption and production when households produce their own services such as bookings of hotels and flights; or when they generate free public intellectual assets like Wikipedia. Finally, there are free or very cheap digital services provided to consumers (e.g. social media, free apps). Most digital goods and services undergo rapid quality change, too.
All of these developments provide challenges to economic accounting systems and our capacity to accurately measure output, productivity or real income. Paul Schreyer's presentation will review the main measurement challenges arising from digitization and sets out the avenues for future research and statistical developments.
Friday, March 1, 2019
OECD Washington Center
1776 I Street NW, Suite 450
Washington, DC 20009
1:00 pm - Sign-in and welcome
1:10 pm - Presentation. How do we measure GDP in the Digital Economy?
1:50 pm - Response: Dennis Fixler, Chief Economist, U.S. Bureau of Economic Analysis
2:00 pm - Q&A
2:15 pm - End
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