New measures of UK private sector software investment

Updates previous ONS work to improve estimates of the above, including application of OECD software taskforce methodology.This article updates previous work undertaken by the Office for National Statistics to improve estimates of software investment in the UK. The methodology recommended by the 2002 OECD Software Taskforce has been applied to produce new measures of own-account software investment. These results are presently being considered as part of the revisions process for Blue Book 2007. New work on measuring purchased software investment from firm-level microdata sources generates estimates closer to those published in the National Accounts.Economic & Labour Market Review (2007) 1, 17–28; doi:10.1057/palgrave.elmr.1410072