Tuesday, February 20, 2007
Copyright and the U.S. Economy
Also from the International Intellectual Property Alliance: , written by Stephen Siwek of Economists Incorporated, which updates ten previous studies detailing the economic impact and contributions of U.S. copyright industries – including theatrical films, TV programs, home video, DVDs, business software, entertainment software, books, music and sound recordings – on the U.S.
economy.
o The U.S.
“core” copyright industries accounted for an estimated $819.06 billion or 6.56% of the U.
S. gross domestic product (GDP) in 2005, up from 6.48% of the U.
S. GDP ($760.49 billion) in 2004.
o The U.S. “total” copyright industries accounted for an estimated $1.
38 trillion or 11.12 % of GDP in 2005, up from 11.09% of the U.
S. GDP ($1.3 trillion) in 2004.
o The “core” copyright industries were responsible for 12.96% of the growth achieved in 2005 for the U.S.
economy as a whole. For the first time, this report includes estimates of the annual contributions made by the copyright industries to real growth experienced by the U.S.
economy. This means that the growth contributed by these core industries (12.96%) was almost double their current dollar share of GDP (6.
56%).
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