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The economic impact of streaming beyond GDP

Harald Edquist (), Peter Goodridge and Jonathan Haskel ()

ITS Conference, Online Event 2020 from International Telecommunications Society (ITS)

Abstract: This paper finds that the shift from buying music as a physical product towards subscribing to music services implies a decrease of 85 percent in the price paid per song. We estimate that in 2019 the global quality adjusted value from streamed music was $76 billion compared to current revenues of $11.4 billion. Thus, the shift from consuming music in physical form towards subscribing to music services creates an enormous consumer surplus that is not recorded in GDP.

Keywords: Streaming; price index; mobile broadband (search for similar items in EconPapers)
JEL-codes: O31 O33 O34 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-cul, nep-ict and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:itso20:224851

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