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Measuring the Digital Economy
Author:
International Monetary Fund. Statistics Dept.
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Series:
Policy Papers
Volume/Issue:
Volume 2018: Issue 016
Language:
English
Publication Date:
05 Apr 2018
DOI:
https://doi.org/10.5089/9781498307369.007
ISBN:
9781498307369
ISSN:
2663-3493
Pages:
48
Keywords:
PP; consumer surplus; rate of change; OECD country; capital formation; data user; fixed capital; GDP compiler; imputed income; market production; real GDP; digital economy; source data; cost of living; merchandise trade statistics; production boundary; Digital economy; Sharing economy; Digitalization; Price indexes; Global
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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 lack of a generally agreed definition of the “digital economy” or “digital sector” and the lack of industry and product classification for Internet platforms and associated services are hurdles to measuring the digital economy. This 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. The digital sector covers the core activities of digitalization, ICT goods and services, online platforms, and platform-enabled activities such as the sharing economy.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund