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It's not what you make, it's how you use IT: measuring the welfare benefits of the IT revolution across countries

Bayoumi, Tamim and Haacker, Maarkus (2002) It's not what you make, it's how you use IT: measuring the welfare benefits of the IT revolution across countries. CEPDP, 548. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753015854

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Identification Number: 548

Abstract

This paper analyzes the welfare benefits from falling relative prices of IT (information technology) goods across a wide range of countries. We find, using two separate methodologies and datasets, that welfare benefits mainly accrue to users of IT, not their producers, because of falling relative prices. This is important, as IT production and use are highly differentiated across countries, and implies that earlier work on how IT production affects real GDP, while useful in calibrating the overall benefits of the IT revolution, are a less valuable way of assessing the distribution of benefits.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 2002 the authors
Subjects: H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Date Deposited: 29 Jul 2008 08:27
Last Modified: 01 Oct 2010 09:14
URI: http://eprints.lse.ac.uk/id/eprint/20066

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