Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies:
Advances in information technology (IT) in the first decade of the 21st century have highlighted the role of IT as an enabling technology throughout an economy. But although the influence of IT in transforming the way in which business and consumer transactions are done is clear to all participants...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2012
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| Schriftenreihe: | OECD Digital Economy Papers
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| Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
| Zusammenfassung: | Advances in information technology (IT) in the first decade of the 21st century have highlighted the role of IT as an enabling technology throughout an economy. But although the influence of IT in transforming the way in which business and consumer transactions are done is clear to all participants in the production-consumption process, it is difficult to attribute a specific value to and precisely measure the importance of the role of IT in improving consumer welfare.The measurement of the economic value of public infrastructure has traditionally been problematic because of its 'public good' nature, which means that many users can benefit from use of public infrastructure at the very same time. This is especially true of 'New Economy' infrastructure such as IT, which links so naturally with developments in telecommunications so that the existence of many users, far from creating congestion in use, actually enhances the value of the infrastructure through network effects. In response to the measurement problem, the approach of the current paper is to utilise an economic model that looks at the end result - observations on changes in the pattern of consumer spending behaviour - and econometrically estimates the extent of the link between these behavioural changes and their drivers: traditional economic stimuli as well as changes in the economic environment due to advances in technology and improved provision of public sector IT infrastructure. Counterfactual simulations with the estimated model provide money-metric measures of the welfare benefits of innovations in Internet-based public sector IT infrastructure in a variety of OECD economies |
| Beschreibung: | 1 Online-Ressource (33 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5k9bf8ktf4kc-en |
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Datensatz im Suchindex
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| spelling | Cooper, Russel J... Verfasser aut Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies Russel J. Cooper Paris OECD Publishing 2012 1 Online-Ressource (33 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Digital Economy Papers Advances in information technology (IT) in the first decade of the 21st century have highlighted the role of IT as an enabling technology throughout an economy. But although the influence of IT in transforming the way in which business and consumer transactions are done is clear to all participants in the production-consumption process, it is difficult to attribute a specific value to and precisely measure the importance of the role of IT in improving consumer welfare.The measurement of the economic value of public infrastructure has traditionally been problematic because of its 'public good' nature, which means that many users can benefit from use of public infrastructure at the very same time. This is especially true of 'New Economy' infrastructure such as IT, which links so naturally with developments in telecommunications so that the existence of many users, far from creating congestion in use, actually enhances the value of the infrastructure through network effects. In response to the measurement problem, the approach of the current paper is to utilise an economic model that looks at the end result - observations on changes in the pattern of consumer spending behaviour - and econometrically estimates the extent of the link between these behavioural changes and their drivers: traditional economic stimuli as well as changes in the economic environment due to advances in technology and improved provision of public sector IT infrastructure. Counterfactual simulations with the estimated model provide money-metric measures of the welfare benefits of innovations in Internet-based public sector IT infrastructure in a variety of OECD economies Science and Technology https://doi.org/10.1787/5k9bf8ktf4kc-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Cooper, Russel J.. Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies Science and Technology |
| title | Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies |
| title_auth | Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies |
| title_exact_search | Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies |
| title_exact_search_txtP | Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies |
| title_full | Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies Russel J. Cooper |
| title_fullStr | Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies Russel J. Cooper |
| title_full_unstemmed | Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies Russel J. Cooper |
| title_short | Measuring the Impact of Innovations in Public IT Infrastructure on the Standard of Living in OECD Economies |
| title_sort | measuring the impact of innovations in public it infrastructure on the standard of living in oecd economies |
| topic | Science and Technology |
| topic_facet | Science and Technology |
| url | https://doi.org/10.1787/5k9bf8ktf4kc-en |
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