The structure of the U.S. economy is analyzed to determine whether a shift has occurred from a service to an information economy. National Income Accounting concepts are reviewed to facilitate a critical comparison of the works of Machlup and Porat. Evidence about the future of an information economy is reviewed. It is concluded that the growth of the information economy will not continue at th...

This paper compares two approaches to the measurement of the resources devoted to the organisational task in the economy, i.e. Porat and Rubin’s ‘Information Economy’ and Wallis and North’s ‘Transaction Sector’. While there have been a number of studies using the information economy approach, it seems to have made way for a narrower focus on the information technology economy in recent years. T...

Despite her small size and late industrialization, Singapore has managed to capture a significant share of the global information economy over the last three decades. This paper analyzed the structure and growth dynamics of Singapore’s information industries using an analytical framework that integrates the four key components of an information economy: IT goods industry, content industry, netw...