Enterprise Spending on Cloud Services Will Expand Us GDP, Jobs and Tech Spending. A New Forecast Predicts the Us Economy Will Gain Nearly 3 Trillion Dollars in GDP and 8 Million New Jobs from 2015 to 2025.

14 Pages Posted: 5 May 2016

Date Written: April 19, 2016

Abstract

Using a forecasting framework, this analysis illustrates how enterprise spending on Cloud Services will expand US GDP, jobs and technology spending. The preliminary forecast predicts the US economy will gain nearly 3 trillion Dollars in GDP and 8 Million new Jobs from 2015 to 2025. This suggests more substantial gains in US growth and productivity based upon a rapid adoption of software defined infrastructure or ecosystems to support businesses. In this respect, this analysis differs substantially from results presented in other studies.

Keywords: cloud computing, economic forecast, US growth, US productivity, job creation, software defined infrastructure, software defined ecosystems, Internet of Things, future productivity growth

JEL Classification: L63, L86, L96, N60, O40, O51, R34, D24, D21, D57, E23, O14, H54

Suggested Citation

Cohen, Robert B, Enterprise Spending on Cloud Services Will Expand Us GDP, Jobs and Tech Spending. A New Forecast Predicts the Us Economy Will Gain Nearly 3 Trillion Dollars in GDP and 8 Million New Jobs from 2015 to 2025. (April 19, 2016). Available at SSRN: https://ssrn.com/abstract=2775292 or http://dx.doi.org/10.2139/ssrn.2775292

Robert B Cohen (Contact Author)

Economic Strategy Institute ( email )

3050 K St., NW
Suite 220
Washington, DC 20007
United States
202-213-7051 (Phone)
(202) 339-0880 (Fax)

HOME PAGE: http://www.econstrat.org

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