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How Much is the Internet Worth to the U.S. Economy?

Hudson Institute

Monday, September 8, 2014 from 12:00 PM to 12:30 PM

How Much is the Internet Worth to the U.S. Economy?

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Event Details

The Internet—or more broadly the information, communications, and technology sector—is widely credited as one of the primary engines of the U.S. economy over the last two decades. Exactly how much this sector has contributed to economic expansion is surprisingly unclear as previous economic research provides no consistent answer.

But in a new report, Hudson Senior Fellow Harold Furchtgott-Roth and Research Associate Jeffrey Li calculate that the sector accounted for approximately 20 percent of U.S. economic growth between 1997 and 2002 and nearly 10 percent of growth between 2002 and 2007. Using recently released statistics from the Department of Commerce’s Bureau of Economic Analysis, the authors also determine that the sector-spurred growth during these periods added about $582 billion and $340 billion in 2013 dollars, respectively, to U.S. economic gross output.

On September 8th, Hudson Institute’s Center for the Economics of the Internet will host a seminar featuring Harold Furchtgott-Roth and Jeffrey Li to discuss the implications of their new report and what lessons policymakers should draw from the report’s findings.

This event will be live streamed on Hudson's homepage.

Have questions about How Much is the Internet Worth to the U.S. Economy?? Contact Hudson Institute

When & Where

Hudson Institute
1015 15th Street NW
6th Floor
Washington, DC 20005

Monday, September 8, 2014 from 12:00 PM to 12:30 PM

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Hudson Institute

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An independent research organization promoting new ideas for the advancement of global security, prosperity and freedom.

Founded in 1961 by strategist Herman Kahn, Hudson Institute challenges conventional thinking and helps manage strategic transitions to the future through interdisciplinary studies in defense, international relations, economics, health care, technology, culture, and law.

Hudson seeks to guide public policy makers and global leaders in government and business through a vigorous program of publications, conferences, and policy briefings and recommendations.

Hudson Institute is a 501(c)(3) organization financed by tax deductible contributions from private individuals, corporations, foundations, and by government grants.

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