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Information-Processing Equipment and Software in the National Accounts

Information-Processing Equipment and Software in the National Accounts

Chapter:
(p.363) 10 Information-Processing Equipment and Software in the National Accounts
Source:
Measuring Capital in the New Economy
Author(s):
Bruce T. GrimmBrent R. MoultonDavid B. Wasshausen
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226116174.003.0011

This chapter focuses on the measurement of high-tech assets in the national accounts, including the current treatment of software. It outlines areas in which the Bureau of Economic Analysis (BEA) hopes to make future progress and discuss recent changes in the methods the BEA uses to measure information processing equipment. This chapter also discusses the relationship between private fixed investment in information processing equipment and software and gross domestic product and explains how the current- and constant-dollar estimates are prepared.

Keywords:   high-tech assets, national accounts, software, Bureau of Economic Analysis, information processing equipment, gross domestic product, current-dollar estimates, constant-dollar estimates

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