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Where, and how, to look for the New Economy
Overview of work done to improve measurement of the new economy, noting that there have always been 'new economies'; future plans.
Authors: Tony Clayton, Amanda Rowlatt, Prabhat Vaze
ONS is engaged on a wide-ranging programme of work to improve measurement of the new economy. This article provides an overview of the work that has been done, and also summarises future plans. The article notes that there have always been 'new economies' - the concept is not tied to time or technology.
In 2002, ONS plans to publish work in a wide range of areas. On the output side, reviews of new economy sectors will be carried out during 2002. A forthcoming article will explore the impact of chain linking on the new economy sectors, amongst others. ONS will also publish the results of research on different techniques for quality adjusting computer prices. ONS will produce experimental estimates of a measure of capital services and report on progress improving the wealth measures of capital stock.
ONS will continue to publish the current wide range of data on electronic transactions and internet use. The article outlines the business - such as the new 'Index of Connectivity' survey of Internet Service Providers - and household side - ONS will continue to collect and publish data on internet usage - of this endeavour. With an increasing body of data on internet use and e-commerce, ONS is starting work to investigate the impact of e-commerce. ONS will also carry out a programme of work to investigate how ICT usage and the internet have influenced social and economic change.
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