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Software, Growth, and the Future of the U.S Economy Report of a Symposium (2006) / Chapter Skim
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Concluding Remarks--Dale W. Jorgenson
Pages 156-158

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From page 156...
... Jorgenson rated the day's session as far exceeding expectations that had been high to begin with. He extended special thanks to Dr.
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From page 157...
... Taking quality change into account was extremely important, Dr. Jorgenson observed, even if that might be objected to as a "pretty esoteric point." While conceding that it was an example of economics jargon, he noted that taking quality change into account involved incorporating computer science and computer engineering into the economics of software.
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From page 158...
... , whose member countries have different methods of accounting, as "pretty chaotic." But an OECD task force has delivered a report, and all the national statisticians have gone back to their home countries to mount surveys in the aim of beginning to build these data into their national accounts in the way that the BEA had built them into the U.S. national accounts beginning in 1999.
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Key Terms

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  • quality change
  • taking quality
  • computer engineering
  • accounts beginning

  • standards board
  • jorgenson observed
  • building uniform
  • extended special
  • home countries

  • economic measurement
  • pretty chaotic
  • distinguished speakers
  • various viewpoints
  • economics jargon

  • unbelievably rapid
  • associated costs
  • lie ahead
  • prepackaged software
  • careful economic

  • mount surveys
  • measurements capture
  • somewhat sour
  • national statisticians
  • rapid progress

  • account involved
  • accounting standards
  • involved incorporating
  • process reengineering
  • incorporating computer


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