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ICT Asset Prices : Marshaling Evidence into New Measures

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Abstract

This paper is a companion to our recent paper, \"ICT Prices and ICT Services: What do they tell us about Productivity and Technology?\" It provides the sources and methods used to construct national accounts-style price deflators for the major components of ICT investment--communications equipment, computer equipment, and software--that were presented and analyzed in that paper. The ICT equipment measures described herein were also used in Byrne, Fernald, and Reinsdorf (2016). This paper is a companion to our recent paper, \"ICT Services and their Prices: What do they tell us about Productivity and Technology?\" It provides the sources and methods used to construct national accounts-style price deflators for the major components of ICT investment--communications equipment, computer equipment, and software--that were analyzed and used in that paper. The ICT equipment measures described herein were also used in Byrne, Fernald, and Reinsdorf (2016).

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  • David M. Byrne & Carol Corrado, 2017. "ICT Asset Prices : Marshaling Evidence into New Measures," Finance and Economics Discussion Series 2017-016, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfe:2017-16
    DOI: 10.17016/FEDS.2017.016r1
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    References listed on IDEAS

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    1. Jaison R. Abel & Ernst R. Berndt & Alan G. White, 2007. "Price Indexes for Microsoft," NBER Chapters, in: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, pages 269-289, National Bureau of Economic Research, Inc.
    2. David M. Byrne, 2015. "Domestic Electronics Manufacturing : Medical, Military, and Aerospace Equipment and What We Don't Know about High-Tech Productivity," FEDS Notes 2015-06-02, Board of Governors of the Federal Reserve System (U.S.).
    3. David M. Byrne, 2015. "Prices for Data Storage Equipment and the State of IT Innovation," FEDS Notes 2015-07-01, Board of Governors of the Federal Reserve System (U.S.).
    4. Ernst R. Berndt & Neal J. Rappaport, 2001. "Price and Quality of Desktop and Mobile Personal Computers: A Quarter-Century Historical Overview," American Economic Review, American Economic Association, vol. 91(2), pages 268-273, May.
    5. David M. Byrne & Wendy E. Dunn & Eugénio Pinto, 2016. "Prices and Depreciation in the Market for Tablet Computers," FEDS Notes 2016-12-05-1, Board of Governors of the Federal Reserve System (U.S.).
    6. David M. Byrne & Carol Corrado, 2015. "Recent Trends in Communications Equipment Prices," FEDS Notes 2015-09-29, Board of Governors of the Federal Reserve System (U.S.).
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    Cited by:

    1. Razzaq, Asif & An, Hui & Delpachitra, Sarath, 2021. "Does technology gap increase FDI spillovers on productivity growth? Evidence from Chinese outward FDI in Belt and Road host countries," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    2. Cyrielle Gaglio & Sarah Guillou, 2018. "Le tissu productif numérique en France," Post-Print hal-03471590, HAL.
    3. K L Krishna & Abdul Azeez Erumban & Bishwanath Goldar, 2018. "ICT investment and economic growth in India: An industry perspective," Working Papers id:12684, eSocialSciences.
    4. repec:hal:spmain:info:hdl:2441/19151plnj79csrgmrv585qvrvn is not listed on IDEAS

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    More about this item

    Keywords

    ICT asset prices; Information and communications technology; Prices; Price measurement;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

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