Experimental Indicators of Digital Industries in Select Countries: Definitions, Methods, and Results

Experimental Indicators of Digital Industries in Select Countries: Definitions, Methods, and Results
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Volume/Issue: Volume 2022 Issue 197
Publication date: September 2022
ISBN: 9798400221903
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Economics / General , Enabling industries , digitally ordered , digitally delivered , digital intermediary platforms , e-commerce , supply and use tables , product classification system , ISIC Sector , value of the digital economy , nominal GVA , gross value , Digital economy , Digitalization

Summary

The pervasive impact of digitalization on the economy and the lack of an agreed definition makes it challenging to obtain estimates of the digital economy. Nowadays, some countries have estimated the value of the digital economy by identifying digital products or industries as defined in the international classifications. This study presents the estimates of digital industries for five countries that participated in an experimental exercise, applying a simplified standard approach recommended by the international agencies as part of the national accounts framework and using publicly available and limited secondary information. The results show that the structure and evolution of digital industries vary across countries and over time and that the estimates depend significantly on the underlying data sources. The conclusions of this exercise reveal the need to upgrade the data sources to better identify the impact of digitalization and contribute to policy-making on the economic benefits of digitalization.