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OECD Surveys on Measuring the digital Economy

OECD Surveys on Measuring the digital Economy. Jennifer Ribarsky Head of Section, National Accounts Division, STD. Task Force on Price and Volumes 10-11 October 2017, Luxembourg. Survey of Digital Economy Typology. Survey of Digital Economy Typology. 22 Responses

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OECD Surveys on Measuring the digital Economy

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  1. OECD Surveys on Measuring the digital Economy Jennifer Ribarsky Head of Section, National Accounts Division, STD Task Force on Price and Volumes 10-11 October 2017, Luxembourg

  2. Survey of Digital Economy Typology

  3. Survey of Digital Economy Typology • 22 Responses • Advisory Group on Measuring GDP in a Digitalised Economy • Consists of 38 members: NSOs, Eurostat, IMF, and members of the OECD WP on Measurement and Analysis of the Digital Economy (WPMADE) • Members of Task Force on Price and Volumes • Survey content • Initial framework based on digital trade framework • Questions on country practices with regards to digital intermediaries • Identifying data gaps • How to highlight the digital economy

  4. Digital intermediaries (1) • Gross or net recording of transactions facilitated by digital intermediaries varies • Depends on business operating model (receives intermediation fee or the full amount and deduct costs) • Probably varies by type of activity • Classification does not appear to be consistent across countries • Some classify with the provider of the services • Some said it depends on how the transaction is arranged

  5. Digital intermediaries (2) • Digital intermediary is often resident abroad • Identified as an important data gap • Many noted currently not reflected in trade data • Difficult to obtain relevant information because countries do not collect information from non-resident providers • Possible sources: credit card information, household surveys, and administrative records

  6. Price measurement: Streaming Services • Few take into account the change in the offered contents as a change in quality (5 yes; 13 no) • Why not take into account? • This type of service is not included in the national price index (e.g. CPI) • No data availability to make a quality adjustment • Country simply prices the monthly subscription fee. • NL questioned whether this should be considered a quality change. Does the consumer have a choice or not?

  7. Price measurement: Accommodation Services • Few include accommodations booked through digital platforms in their CPI (Yes: 4; No: 15) • Denmark noted that these transactions are considered as transactions between households and thus not included. • Sweden said that these are not currently included, but that it is being considered • The transaction (apart from the digital based facilitation services) is C2C • Depending on how the transaction is recorded, the bulk of the value remains within the same sector (HH)

  8. Price measurement: Transportation Services • Few include transportation services booked through digital platforms in their CPI (Yes 3; No 16) • Denmark noted that these transactions are considered as transactions between households and thus not included. • Sweden said that these are not currently included, but that it is being considered • drivers have a registered business and therefore there is inter sectorial flows

  9. Bonus Slides! OECD-IMF Surveyof Impact of the Digital Economy on Price Indices

  10. E-commerce transactions in CPI

  11. E-commerce transactions in PPI

  12. Wayforward

  13. Going Digital Horizontal Project • OECD’s project “Going Digital”, making the transformation work for growth and well-being • Multidisciplinary, cross-cutting initiative to help policymakers better understand the digital transformation that is taking place • Measurement is a key horizontal module: Developing new tools and a longer-term agenda for measuring the digital transformation • Co-leads: STD, STI, and TAD • Other directorates: CTP, ELS,GOV • CSSP mandate to create an Advisory Group on Measuring GDP in a Digital Economy

  14. Way forward • Further research into potential sources of mismeasurement: • Active involvement in G20 work, jointly with IMF • Follow-up work on impact on other macroeconomic statistics, in particular on CPIs: March 2018 • Country presentations on the digital and sharing economy at WPNA 9-10 November 2017 • Work plan of OECD Advisory group: • Typology of digital economy • Meeting of the AG 10 November 2017 • Proposal for an agreed satellite account • Research into potential data sources • Indicators to better highlight the digital economy

  15. Thank you!

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