Planning for the Australian information economy

Dias Karunaratne N. (1984) Planning for the Australian information economy. Information Economics and Policy, 1 4: 345-367. doi:10.1016/0167-6245(84)90011-8


Author Dias Karunaratne N.
Title Planning for the Australian information economy
Journal name Information Economics and Policy   Check publisher's open access policy
ISSN 0167-6245
Publication date 1984
Sub-type Article (original research)
DOI 10.1016/0167-6245(84)90011-8
Volume 1
Issue 4
Start page 345
End page 367
Total pages 23
Subject 2002 Cultural Studies
Abstract This study spotlights the inadequacy of the sectoral modeling used hitherto to analyse structural change in Australia. Although the multiplier and key-sector results demonstrate that contemporary Australia is predominantly an industrial economy, in the next decade the growth of the information intensiveness of economic activity or informatization will accelerate. A sectoral model clearly identifying the information sector is proposed to study the implications of the growing information intensiveness of the Australian economy. A methodology to identify the primary information economy or information commodities traded in the market is explained. The macroeconomic scenarios-income and price implications-of programming for various targets of information sector activities are analysed. Three plausible informatization targets are hypothesised: Luddite or zero growth; laissez-faire or continuing the status quo and sunrise or accelerated performance. The significance of Leontief accounting prices based on competitive equilibria and the shadow prices connoting opportunity costs of the linear programming dual are examined. Fiscal policies to subsidise positive externalities generated by informatization, in the fase of intractability of the Pigouvian ideal taxes are briefly reviewed. Finally, the need for anticipatory policy decisions in Australia to harness the full benefits of informatization is emphasised.
Keyword Australia
externalities
information economy
Input-output models
key-sectors
linear programming
multipliers
planning
policy analysis
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import
 
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