was also considering using both his rough and his revised estimates of software investment to see what effect it might have on the OECD’s growth accounting estimates.

Dr. Flamm commented that a lot of interesting work was in progress in all the spheres that had been discussed, and that much work was apparently still to be done at the OECD. He regarded as “good news,” however, that improved measures of software prices seemed to be coming down the road, with BEA, university, and other researchers working on the subject.

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