We see data everywhere except in the productivity statistics
File(s)
Author(s)
Goodridge, Peter
Haskel, Jonathan
Edquist, Harald
Type
Journal Article
Abstract
This paper uses Labor Force Survey datafor European countries to estimate nationa linvestment in data assets, where the asset boundary is extended beyond that for software and databases as currently defined in theSystem of National Accounts. We find that: a) in 2011-18, 1.4% of EU-28 employment was engaged in the formation of (softwareand) data assets, with a mean growth rate of 5% pa; b) on average in 2011–16, expanding the asset boundary raises the level of own-account GFCF in software and databases in the EU-16 by 61%, and mean growth in realinvestment in own-account software and data assets to 6.9% pa, compared to 2.7% pa in national accounts; c) in 2011-2016, expansion of the asset boundary raises labour productivity growth in the EU-13 from 0.79% to 0.83% pa, and the contribution of software and data capital deepening over three-fold, from 0.03% to 0.10% pa.
Date Issued
2022-12-01
Date Acceptance
2021-07-24
Citation
Review of Income and Wealth
ISSN
0034-6586
Publisher
Wiley
Start Page
862
End Page
894
Journal / Book Title
Review of Income and Wealth
Volume
68
Issue
4
Replaces
10044/1/90929
Copyright Statement
© 2021 The Authors. Review of Income and Wealth published by John Wiley & Sons Ltd on behalf of International Association for Research in Income and Wealth.
This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
License URL
Identifier
https://onlinelibrary.wiley.com/doi/full/10.1111/roiw.12542
Publication Status
Accepted
Date Publish Online
2021-09-28