|Title:||Making the Intangible Tangible: The Economic Contribution of Australia's Copyright Industries|
|Citation:||Making the Intangible Tangible: The Economic Contribution of Australia's Copyright Industries, PricewaterhouseCoopers, http://web.archive.org/web/20101206161639/http://www.copyright.org.au/admin/cms-acc1/_images/13730910374c97f6ba497bf.pdf (2008).|
|Link(s):||Definitive , Open Access|
|Key Related Studies:|
|About the Data|
|Data Description:||This report analyzes the economic contribution of Australia's copyright industries over 12 years, using WIPO's classification of copyright industries: core, partial, interdependent, and non-dedicated support.|
|Data Type:||Secondary data|
|Secondary Data Sources:|
|Data Collection Methods:|
|Data Analysis Methods:|
|Cross Country Study?:||No|
|Government or policy study?:|
|Time Period(s) of Collection:||
Australia remains a significant net importer of copyright goods and services. While exports of copyright products has grown in real terms by 0.6% per year over the period 1995/96 to 2006/07, imports have grown at 2.1%. In 2006/07 Australia had a trade deficit of just under $20.8 billion in the copyright industries. Australia’s economy has a relatively high dependence on copyright industries. In comparison with other economies that have been analysed using the same WIPO framework as used in this report, the Australian economy appears to have a greater copyright intensity than average in terms of both value added by, and employment in, the copyright industries.
Main Results of the Study
Copyright industries comprise a substantial proportion of the Australian economy. In the most recent year for which data is available (2006/07), Australia’s copyright industries:
- employed 837,507 people, which constituted 8.0% of the Australian workforce;
- generated economic value equal to 10.3% of gross domestic product ($97.7 billion);
- generated $6.873 billion in exports, equal to 4.1% of total exports.
Australia’s copyright industries have grown considerably over the past 12 years. Over the period 1995/96 to 2006/07 the real (ie inflation adjusted) compound annual growth rate (CAGR) for the copyright industries averaged 4.7%, with the core copyright industries growing 5.1% per year. This compares to a CAGR for gross domestic product (GDP) of 3.6% over the same period. Productivity growth in Australia’s copyright industries has resulted in significant real wages growth. Spurred by digitisation, the value generated in Australia’s copyright industries has increased in real terms over the period 1995/96 to 2006/07 from $85,512 to $116,742 per employee. As a result, the real average wage for people employed in the copyright industries increased from $51,572 in 1995/96 to $61,355 in 2006/07.
Policy Implications as Stated By Author
Copyright industries should be encouraged legally and financially due to the rising and substantial contribution to the Australian economy.
Coverage of Study
|Level of aggregation:||Australian copyright industries|
|Period of material under study:||1996-2007|