Prospects for Accounting and Measuring the Digital Economy Based on National Accounts Applications

Abstract

This study is devoted to the development of approaches to the assessment of macroeconomic indicators, aggregate factor productivity, labor productivity, capital and other indicators in the conditions of digitalization of the national economy. The study applied a methodological framework based on the UN System of National Accounts (SNA 2008), European System of National Accounts (SNA 2010) and specialized developments of international organizations in the field of macroeconomic and digital economy statistics (OECD, IMF, World Bank, etc.). The work measured and accounted for the qualitative characteristics of new products with fundamentally new parameters that had not previously been observed or accounted for in other products. The application of the hedonic method to the data (on the example of the Moscow market) has shown that this method is able to produce results consistent with the conclusions of earlier works. The results of the study provide a comprehensive system for assessing the socioeconomic effects of digitalization and its long-term consequences. It may serve as a basis for making economic forecasts in the field of digital economy in case of further implementation of economic policy in Russia.

Full document