The economic impact of streaming beyond GDP
Harald Edquist (),
Peter Goodridge and
Jonathan Haskel ()
ITS Conference, Online Event 2020 from International Telecommunications Society (ITS)
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)
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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