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Australian ICT satellite account

Australian ICT satellite account. Presentation to OECD Working Party on National Accounts – October 2006. Background. Information and communication technology (ICT) plays central role in most economies Driver of socio-economic development Driver of productivity growth

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Australian ICT satellite account

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  1. Australian ICT satellite account Presentation to OECD Working Party on National Accounts – October 2006

  2. Background • Information and communication technology (ICT) plays central role in most economies • Driver of socio-economic development • Driver of productivity growth • Very difficult to conceptualise and measure • ABS response • Range of ICT related surveys • Construction of satellite account

  3. Aims • Improved understanding of links between ICT supply and use • Improved understanding of relevant concepts and classifications • Improved understanding of available data and knowledge of data gaps • Improved national accounts benchmarks and other economic statistics

  4. Measurement issues • No international standards for ICT satellite accounts unlike for tourism or NPI • Main issues confronted: • Treatment of construction of telecommunication towers • Bundling: hardware and software / mobile phone plans • Treatment of computer games • Recognising customised software from computer services • Capitalisation of own account software • Trade in software • Reporting of leased hardware

  5. Key findings: ICT shares

  6. Key findings: ICT contributors

  7. Impact on core national accounts • Improved measures of • GFCF on computer hardware • GFCF on computer software • Trade – especially imports of software • Household expenditure on ICT services • Better understanding of ICT related industries

  8. Summary • Important work given the pervasive nature of ICT, its complexity and its contribution to GDP • Lack of international standards and the range of measurement issues suggests more international discussion would be useful • Clear benefits to core estimates in undertaking satellite account analysis

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