Measuring the Digital Economy
Source details
- Canonical URL
- Measuring the Digital Economy
Other formats
Bibliographic details
Summary
- Digitalization encompasses a wide range of new applications of information technology in business models and products that are transforming the economy and social interactions.
- Digitalization is both an enabler and a disruptor of businesses.
- The paper distinguishes between the "digital sector" and the increasingly digitalized modern economy, often called the "digital economy", and focuses on the measurement of the digital sector.
Measurement challenges
- The lack of a generally agreed definition of the "digital economy" or "digital sector" is a hurdle to measuring the digital economy.
- The lack of industry and product classification for Internet platforms and associated services is a hurdle to measuring the digital economy.
Scope and focus
- The "digital sector" covers the core activities of digitalization, ICT goods and services, online platforms, and platform-enabled activities such as the sharing economy.
- The paper focuses on the measurement of the digital sector rather than attempting to redefine or fully delimit the broader "digital economy".
Content in this bundle
- Measuring the Digital Economy; IMF Staff Report, February 28, 2018