Planning for the Australian Information Economy

The study aims to identify and measure the growth of the Australian Information Economy that is destined to play a leading role in Australia's future growth and development. A methodology is devised to identify the primary information information commodities that are traded in the market. Three targets (Luddite, Status Quo, Sunrise) for measuring the performance of information economy are foreshadowed. The targets are evaluated using modified Leontief input-output techniques that estimate accounting prices based on objective equilibria and the shadow prices connoting opportunity costs derived from the dual the linear programming problem.. Fiscal policies to subsidies positive externalities generated by the informatization of the economy in the face of the intractability of Pigouvian ideal taxes are reviewed. Finally, the need for anticipatory policy decisions to harness the full benefits of the impending informatization of Australian economy is underscored