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Choice experiments show that individuals attribute significant value to digitally-enabled services such as social media. We integrate this consumer value into an accounting framework by treating it as the value of own-account production by households of a particular type of leisure services....
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Household production is an important non-market activity and the empirical literature has developed different methods towards valuing household production without, however, providing a rigorous theoretical foundation for the various approaches. We follow the literature spawned by Becker (1965)...
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This article puts forward three priority areas for future productivity research. It first identifies important data gaps related to non-produced, non-financial assets such as land and sub-soil assets as the exclusion of these assets can lead to biased multifactor productivity growth estimates....
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