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We see data everywhere except in the productivity statistics

Title: We see data everywhere except in the productivity statistics
Authors: Goodridge, P
Haskel, J
Edquist, H
Item Type: Journal Article
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.
Issue Date: 28-Sep-2021
Date of Acceptance: 24-Jul-2021
URI: http://hdl.handle.net/10044/1/89540
DOI: 10.1111/roiw.12542
ISSN: 0034-6586
Publisher: Wiley
Journal / Book Title: Review of Income and Wealth
Replaces: 10044/1/90929
http://hdl.handle.net/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.
Sponsor/Funder: Engineering & Physical Science Research Council (E
Economic & Social Research Council (ESRC)
Ericsson Enterprise AB
Ericsson Enterprise AB
Ericsson Enterprise AB
Engineering & Physical Science Research Council (EPSRC)
EPSRC
Economic & Social Research Council (ESRC)
Economic and Social Research Council
Economic and Social Research Council
Funder's Grant Number: EP/K503733/1
ES/M500562/1
9400628052
n/a
n/a
EP/K039504/1
EP/K039504/1
ES/V009478/1
ES/V002740/1
ES/V002740/1
Keywords: Social Sciences
Economics
Business & Economics
data
information
software
investment
productivity
INTANGIBLE INVESTMENT
KNOWLEDGE
Economics
1401 Economic Theory
1402 Applied Economics
Publication Status: Published online
Open Access location: https://www.researchgate.net/publication/346416311_We_see_data_everywhere_except_in_the_productivity_statistics
Online Publication Date: 2021-09-28
Appears in Collections:Imperial College Business School



This item is licensed under a Creative Commons License Creative Commons