Size, structure and growth of the US information economy
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Authors
Apte, Uday
Nath, Hiranya K.
Subjects
information economy
primary information sector
secondary information sector
input-output analysis
services
primary information sector
secondary information sector
input-output analysis
services
Advisors
Date of Issue
2007
Date
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Language
Abstract
This paper presents the results of our empirical research in measuring the size
and structure of the US information economy in 1992 and 1997, and in
assessing the growth experienced by different industries and sectors since
Porat's research on the US information economy in 1967. The study indicates
that the share of the information economy in total GNP grew from about 46
percent in 1967 to about 56 percent in 1992, and to 63 percent in 1997. The
study further indicates that during this time period the share of service sector
information activities in total GNP increased substantially, while the shares of
non-service sectors declined correspondingly. The industries displaying the
highest growth rates include business services, and medical and educational
services. The paper also provides a critical assessment of Porat's methodology
and suggests specific improvements that may be made to obtain a more
plausible measure of the size and structure of the information economy.
Type
Article
Description
Series/Report No
Department
Graduate School of Business & Public Policy (GSBPP)
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Citation
"The Size, Structure and Growth of the U.S. Information Economy." (with Uday M. Apte) in U.M. Apte and U.S. Karmakar (eds): Managing in the Information Economy: Current Research Issues, Springer Science and Business Media, LLC, Norwell , MA , (2007)
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.