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Òhe New Economy: Statistical Measurements

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  • Dimiter Rafailov

Abstract

This paper discusses the 'New Economy' in connection with the on-going global debate on its range, content and statistical measurement. It includes all changes and effects in productivity and growth, caused by ideas, information, information and communication technologies and their infrastructure throughout the globalization of markets. Statistical measurements of the New Economy are based on the System of National Accounts, its subjects and interaction. There is an analysis of empirical results on added value, employment and productivity rates in the New Economy of countries from the European Union, the USA and Japan. Some general conclusions are given on the need for further development of the methodology of statistical measurements of that economy.

Suggested Citation

  • Dimiter Rafailov, 2002. "Òhe New Economy: Statistical Measurements," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 73-87.
    • Handle: RePEc:bas:econth:y:2002:i:7:p:73-87
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    References listed on IDEAS

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    1. Bart van Ark, 2001. "The Renewal of the Old Economy: An International Comparative Perspective," OECD Science, Technology and Industry Working Papers 2001/5, OECD Publishing.
    2. Atanas Leonidov, 2001. "Information Revolution, Globalization and Economic Growth," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-23.
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    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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