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ICT Asset Prices : Marshaling Evidence into New Measures

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Abstract

This paper is a companion to our recent paper, \"ICT Prices and ICT Services: What do they tell us about Productivity and Technology?\" It provides the sources and methods used to construct national accounts-style price deflators for the major components of ICT investment--communications equipment, computer equipment, and software--that were presented and analyzed in that paper. The ICT equipment measures described herein were also used in Byrne, Fernald, and Reinsdorf (2016). This paper is a companion to our recent paper, \"ICT Services and their Prices: What do they tell us about Productivity and Technology?\" It provides the sources and methods used to construct national accounts-style price deflators for the major components of ICT investment--communications equipment, computer equipment, and software--that were analyzed and used in that paper. The ICT equipment measures described herein were also used in Byrne, Fernald, and Reinsdorf (2016).

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  • David M. Byrne & Carol Corrado, 2017. "ICT Asset Prices : Marshaling Evidence into New Measures," Finance and Economics Discussion Series 2017-016, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfe:2017-16
    DOI: 10.17016/FEDS.2017.016r1
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    References listed on IDEAS

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    1. Jaison R. Abel & Ernst R. Berndt & Alan G. White, 2007. "Price Indexes for Microsoft," NBER Chapters, in: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, pages 269-289, National Bureau of Economic Research, Inc.
    2. David M. Byrne, 2015. "Domestic Electronics Manufacturing : Medical, Military, and Aerospace Equipment and What We Don't Know about High-Tech Productivity," FEDS Notes 2015-06-02, Board of Governors of the Federal Reserve System (U.S.).
    3. David M. Byrne, 2015. "Prices for Data Storage Equipment and the State of IT Innovation," FEDS Notes 2015-07-01, Board of Governors of the Federal Reserve System (U.S.).
    4. David M. Byrne & Wendy E. Dunn & Eugénio Pinto, 2016. "Prices and Depreciation in the Market for Tablet Computers," FEDS Notes 2016-12-05-1, Board of Governors of the Federal Reserve System (U.S.).
    5. Ernst R. Berndt & Neal J. Rappaport, 2001. "Price and Quality of Desktop and Mobile Personal Computers: A Quarter-Century Historical Overview," American Economic Review, American Economic Association, vol. 91(2), pages 268-273, May.
    6. David M. Byrne & Carol Corrado, 2015. "Recent Trends in Communications Equipment Prices," FEDS Notes 2015-09-29, Board of Governors of the Federal Reserve System (U.S.).
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    Cited by:

    1. Razzaq, Asif & An, Hui & Delpachitra, Sarath, 2021. "Does technology gap increase FDI spillovers on productivity growth? Evidence from Chinese outward FDI in Belt and Road host countries," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    2. repec:spo:wpmain:info:hdl:2441/19151plnj79csrgmrv585qvrvn is not listed on IDEAS
    3. Cyrielle Gaglio & Sarah Guillou, 2018. "Le tissu productif numérique en France," Post-Print hal-03471590, HAL.
    4. K L Krishna & Abdul Azeez Erumban & Bishwanath Goldar, 2018. "ICT investment and economic growth in India: An industry perspective," Working Papers id:12684, eSocialSciences.
    5. repec:hal:spmain:info:hdl:2441/19151plnj79csrgmrv585qvrvn is not listed on IDEAS

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    More about this item

    Keywords

    ICT asset prices; Information and communications technology; Prices; Price measurement;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

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