Its Not What You Make, Its How You Use It: Measuring the Welfare Benefits of the It Revolution Across Countries Tamim Bayoumi

ISBN: 9781282106543

Published: May 9th 2014

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66 pages


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Its Not What You Make, Its How You Use It: Measuring the Welfare Benefits of the It Revolution Across Countries  by  Tamim Bayoumi

Its Not What You Make, Its How You Use It: Measuring the Welfare Benefits of the It Revolution Across Countries by Tamim Bayoumi
May 9th 2014 | ebook | PDF, EPUB, FB2, DjVu, audiobook, mp3, ZIP | 66 pages | ISBN: 9781282106543 | 6.28 Mb

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,MoreThis 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.



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