Christoph Maier (European Commission - DG ECFIN ), John Verrinder (Eurostat ), Andreas Dollt (Eurostat ), Marianne Paasi (TU Berlin, Chair of innovation economics)
Over the past two decades, advances in digital technology have brought a profusion of new products, processes and market channels. Digitalisation has profoundly changed the way of how corporations and households organize themselves, how they interact between each other and what they produce and consume. This rapid change has come with a wide spread perception that statistics and macroeconomic accounting frameworks have not been keeping up with properly recording the impact of the digitalisation on growth and productivity.
The objective of this NTTS satellite session is to look deeper into the various challenges of measuring GDP and productivity in an ever more digitalised economy. It will discuss if current macroeconomic statistics are still adequate in picking up the effects brought about by investment in digital tools, the consumption of free digital services, new forms of transacting in goods and services (B2B and B2C), and other phenomena associated with the digital economy.
Within the context of the main data needs, analytical challenges and economic policy making related to digitalisation, participants from academia and international institutions will discuss to what extent current statistical frameworks are up to speed and what might need to be done to further improve national accounts and other statistics with respect to the digitalisation phenomenon.
Full programme to follow
09:30 - 13:00
MAKSWELL:Main findings and looking forward
SAT03: Satellite Event
Fabio Bacchini (ISTAT , Italy) and Monica Pratesi (Univeristy of Pisa, Italy)
MAKing Sustainable development and WELL-being frameworks work for policy analysis (MAKSWELL) is a project financed in H2020. MAKSWELL aims to extend and harmonize indicators able to capture the main characteristics of the ‘Beyond GDP’ approach proposing a new framework that includes them in the evaluation of the public policies.
At the same time MAKSWELL improves the existing well-being and sustainable indicators by using new data collection tools and modern statistical methods to have timely and accurate data and by combining new data sources (big data) with traditional ones especially where there are data gaps. The production of local estimates of poverty and living conditions are an example of these objectives. At a macro level the project provides a framework that include specific measures for well-being in the traditional macro econometric models. The project explores also the relationship among well-being and sustainable indicators with policy evaluation.
Scope of the satellite event is to disseminate the research results of the project, encouraging the floor discussion on them, sharing the research experiences and promoting interactive discussions with invited keynote speakers.
The discussion will be on the research results on monitoring of Sustainable Development Goals, their indicators at regional level using non-traditional data sources and nowcasting.
Other particular issues will be tackled by specific paper presentation of Makswell members.
Participants will be invited to discuss the experiments done by the partners, challenges and opportunities of new sources, frameworks and methods for official statistics that aim to provide innovative policy support frameworks in "Beyond GDP " perspective.