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Intangible Economy and its Implications for Statistics and Statisticians

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  • Charles Goldfinger

Abstract

This paper presents an interpretation of major changes affecting the modern economy. Our postulate is that the defining trend is the shift to the intangible. The source of economic value and wealth is no longer the production of material goods but the creation and manipulation of dematerialised content. The logic of dematerialisation is pervasive and ubiquitous and affects all sectors and activities. It profoundly transforms economic relationships and interactions, the ways firms and markets are organised and transactions are carried out. It is also unsettling, to the extent that it runs squarely against some of the key tenets of the conventional logic of economics. The intangible economy raises a whde series of measurement issues. More fundamentally, it changes the role, the function, and the perception of economic measurement data. Official agencies no longer have the monopoly of economic data: a lively and diversified measurement and monitoring industry has emerged. Statisticians need to undertake a comprehensive appraisal of their business. Adaptingto the new environment will require major changes in three key areas: conceptual foundations, modus operandi and temporal outlook. If measurement systems are to capture the essence of the economy of today and tomorrow, intangibles have to move from the periphery to the core of these systems. Cet article présente une interprétation des changements majeurs qui bouleversent I'économie modeme. Nous postulons que le vecteur fondamental de l'evolution est I'émergence de I'immatériel. La source principale de la valeur et de la richesse économique n'est plus la production des biens matériels mais la création et la manipulation du contenu dématerialiseacute;. La logique de la dématerialisation est omniprésente affecte tous les secteurs et loutes les activités. Elle transforme profondément les relations et les interactions écomiques, I'organisation des firmes, la structure des marchéd, lanature des transactions. C'est une logique déroutante, dans la mesure où eile va souvent à I'encontre des canons de la logique économique conventionnell. L'économie de L'immatéconomie de l'immatériel souléve une série de questions de mesure statistique. plus fondamentalement, elle modifie le rôle, la fonction et la perception des données économiques. les agences officielles ne détiennent plus le monopole des données économiques: une véritable des donnééconomiques; une véritable industirie de la mesure et mesure et du suivi est en train d'émerger. Les statisticiens doivent engager une remise à plat de leur métier. L'adaptation au novel environnement exige des changements majeurs dans trois domaines curciaux:les fondations conceptuelles, le mode opératoire etl'approche temporelle. Pour que les systémes de mesure puissent capter I'essence de I'économie d'aujourd'bui et demain, l'immatériel ne doit plus étre considéreacute; comme central et structurel.

Suggested Citation

  • Charles Goldfinger, 1997. "Intangible Economy and its Implications for Statistics and Statisticians," International Statistical Review, International Statistical Institute, vol. 65(2), pages 191-220, August.
  • Handle: RePEc:bla:istatr:v:65:y:1997:i:2:p:191-220
    DOI: 10.1111/j.1751-5823.1997.tb00400.x
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    Cited by:

    1. Felix Bracht & Dirk Czarnitzki, 2022. "Patent collateral and access to debt," Working Papers of Department of Management, Strategy and Innovation, Leuven 700178, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.

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