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It's Not What You Make, It's How You Use IT: Measuring the Welfare Benefits of the IT Revolution Across Countries
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Author/Editor: |
Bayoumi, Tamim | Haacker, Markus |
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July 1, 2002 |
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Electronic Access: |
Free Full Text (PDF file size is 982KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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Summary: This paper analyzes the welfare benefits from falling relative prices of IT (information technology) goods across a wide range of countries. We find, using two separate methodologies and datasets, that welfare benefits mainly accrue to users of IT, not their producers, because of falling relative prices. This is important, as IT production and use are highly differentiated across countries, and implies that earlier work on how IT production affects real GDP, while useful in calibrating the overall benefits of the IT revolution, are a less valuable way of assessing the distribution of benefits.
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Series: |
Working Paper No. 02/117 |
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Subject(s): |
Terms of trade |
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Author's keyword(s): |
Technological change
| information technology
| terms of trade
| welfare benefits
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Published: |
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July 1, 2002 |
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ISBN/ISSN: |
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1934-7073 |
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Format: |
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Paper |
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Stock No: |
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WPIEA1172002 |
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Pages: |
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31 |
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Price: |
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US$15.00
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