Measuring GDP in the digital economy: Increasing dependence on uncaptured GDP

Chihiro Watanabe, Kashif Naveed, Yuji Tou and Pekka Neittaanmäki

Technological Forecasting and Social Change, 2018, vol. 137, issue C, 226-240

Abstract: As revealed by Tapscott in his best-seller The Digital Economy published in 1994, the Internet has dramatically changed the way of conducting business and our daily lives. Further advancement of digital innovation, including cloud, mobile services, and artificial intelligence, has augmented this change significantly and provided us with extraordinary services and welfare never anticipated before. However, contrary to such an accomplishment, productivity in industrialized countries now confronts an apparent decline raising the question of a possible productivity paradox in the digital economy. The limitations of gross domestic product (GDP) statistics in measuring the advancement of the digital economy have become an important subject.

Keywords: Digital economy; Productivity decline; people's preference shift; Uncaptured GDP; Mismatch (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (37)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:137:y:2018:i:c:p:226-240

DOI: 10.1016/j.techfore.2018.07.053

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