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Business and Economics > Information Management

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Cover Staff Discussion Notes
Big Data: Potential, Challenges and Statistical Implications
Cornelia Hammer
,
Ms. Diane C Kostroch
, and
Mr. Gabriel Quiros-Romero
Big data are part of a paradigm shift that is significantly transforming statistical agencies, processes, and data analysis. While administrative and satellite data are already well established, the statistical community is now experimenting with structured and unstructured human-sourced, process-mediated, and machine-generated big data. The proposed SDN sets out a typology of big data for statistics and highlights that opportunities to exploit big data for official statistics will vary across countries and statistical domains. To illustrate the former, examples from a diverse set of countries are presented. To provide a balanced assessment on big data, the proposed SDN also discusses the key challenges that come with proprietary data from the private sector with regard to accessibility, representativeness, and sustainability. It concludes by discussing the implications for the statistical community going forward.
Keywords:
SDN; big data data source; strategy action plan; innovation challenge; big data application; big data classification; big data project; IMF big data; private sector; project inventory; Big Data; Macroeconomic and Financial Statistics; Official Statistics; Data Quality; Surveillance; statistics big data strategy action plan; big data data analysis; big data network; big data revolution; big data use; Social networks; Financial statistics; Global
Cover IMF Working Papers
Technology Diffusion, Services, and Endogenous Growth in Europe. is the Lisbon Strategy Useful?
International Monetary Fund
We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits for EU growth of the deepening of the single market, the reduction of regulatory barriers, and the accumulation of technology and human capital. Our results support the basic insights of the Lisbon Agenda. Economic growth in Europe is enhanced to the extent that: trade in services increases, technology accumulation and diffusion increase, regulation becomes both less intensive and more uniform across countries, and human capital accumulation increases in all countries.
Keywords:
WP; rate of growth; service sector; product market; Economic integration; manufacturing and services; technology diffusion; technology accumulation; EU output growth; EU product market regulation; estimation result; EU integration; Human capital; Technology transfer; Trade in services; Information technology in revenue administration; Europe
Cover IMF Working Papers
International Trade and Productivity Growth: Exploring the Sectoral Effects for Developing Countries
Ehsan U. Choudhri
and
Ms. Dalia S Hakura
The paper estimates an empirical relation based on Krugman’s ‘technological gap’ model to explore the influence of the pattern of international trade and production on the overall productivity growth of a developing country. A key result is that increased import competition in medium-growth (but not in low- or high-growth) manufacturing sectors enhances overall productivity growth. The authors also find that a production-share weighted average of (technological leaders’) sectoral productivity growth rates has a significant effect on the rate of aggregate productivity growth.
Keywords:
WP; Productivity Growth; Trade Liberalization; Technological Gap; TFP growth rate; trade variable; trade effect; trade ratio; technology lag; s TFP growth; gap in a sector; growth performance; trade index; productivity gap; Productivity; Total factor productivity; Imports; Technology transfer; East Asia; Middle East; North Africa; Sub-Saharan Africa; South Asia
Cover IMF Working Papers
The Role of Inter- and Intraindustry Trade in Technology Diffusion
Ms. Dalia S Hakura
and
Ms. Florence Jaumotte
Research shows that international trade is an important channel for the transfer of technology. Building on this evidence, this paper examines the effects of inter- and intraindustry trade on technology transfer. The paper develops and tests the hypothesis that intraindustry trade stimulates more technology transfer than interindustry trade because countries are likely to absorb foreign technologies more easily when their imports are from the same sectors as their production and export sectors. The results of empirical tests for 87 countries during 1970–93 support this hypothesis.
Keywords:
WP; industry trade; IIT index; significance level; Technology spillovers; Intraindustry Trade; Interindustry Trade; trade sector; trade index; sectors to TFP gap; Total factor productivity; Imports; Technology transfer; Exports; Sub-Saharan Africa; East Asia; South Asia; Middle East; North Africa