digital economy

Measuring welfare beyond GDP

Gross Domestic Product (GDP) is often treated as shorthand for national economic well-being, even though it was never intended to be; it is a measure of (some) of the marketable output of the economy. This paper reviews several developments in measuring welfare beyond GDP that were recently presented at the Economic Statistics Centre of Excellence (ESCoE) annual conference in May 2019. The papers discussed fall into three broad areas.

Mapping Information Economy Business with Big Data: Findings from the UK

Governments around the world want to develop their ICT and digital industries. Policymakers thus need a clear sense of the size and characteristics of digital businesses, but this is hard to do with conventional datasets and industry codes. This paper uses innovative ‘big data’ resources to perform an alternative analysis at company level, focusing on ICT-producing firms in the UK (which the UK government refers to as the ‘information economy’).

Exploring the digital economy with big data

NIESR's just published some new analysis of the UK’s digital economy, written by me and Anna Rosso with Growth Intelligence, and funded by Google. This is the first phase of a research programme with roots in the resurgence of industrial policy around the world ...