Some economists believe that measured gross domestic product (GDP) growth since 2000 is too low because it excludes online entertainment (Brynjolfsson and Oh 2012; Ito 2013). Similar large effects on consumers occurred with the arrival of free radio and television entertainment. We provide an experimental methodology that uses previously established GDP measurement procedures to value advertising-supported entertainment around the world.View the Full Working Paper
Valuing "Free" Media Across Countries in GDP
WP 15-25 — “Free” consumer entertainment and information from the Internet, largely supported by advertising revenues, has had a major impact on consumer behavior.