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Introducing consumer durable digital services into the BEA digital economy satellite account

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Listed:
  • Bridgman, Benjamin
  • Highfill, Tina
  • Samuels, Jon

Abstract

Measuring the digital economy is a high priority for analysts of economic growth. We augment the Bureau of Economic Analysis’s Digital Economy Satellite Account to include digital services provided by high-tech consumer durables. We find that including the service flow from these goods raises the growth rate of the digital economy between 2005 and 2021 from 6.4 percent per year to 7.1 percent per year. Consumer durable services accounted for about 13 percent of nominal digital economy GDP. While most household services are not digital, the household owns a significant part of the digital infrastructure.

Suggested Citation

  • Bridgman, Benjamin & Highfill, Tina & Samuels, Jon, 2024. "Introducing consumer durable digital services into the BEA digital economy satellite account," Telecommunications Policy, Elsevier, vol. 48(1).
    • Handle: RePEc:eee:telpol:v:48:y:2024:i:1:s0308596123001295
    DOI: 10.1016/j.telpol.2023.102618
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    References listed on IDEAS

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    1. Benjamin Bridgman & Andrew Craig & Danit Kanal, 2022. "Accounting for Household Production in the National Accounts," Survey of Current Business, Bureau of Economic Analysis, February.
    2. Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2005. "Productivity, Volume 3: Information Technology and the American Growth Resurgence," MIT Press Books, The MIT Press, edition 1, volume 3, number 0262101114, December.
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    More about this item

    Keywords

    Digital economy; Household production; Information and communications technology;
    All these keywords.

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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