The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?
The growth of U.S. labor productivity rebounded in the second half of the 1990s, after nearly a quarter century of sluggish gains. We assess the contribution of information technology to this rebound, using the same neoclassical framework as in our earlier work. We find that a surge in the use of in...
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| Veröffentlicht in: | The Journal of economic perspectives 2000-10, Vol.14 (4), p.3-22 |
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| creator | Oliner, Stephen D. Sichel, Daniel E. |
| description | The growth of U.S. labor productivity rebounded in the second half of the 1990s, after nearly a quarter century of sluggish gains. We assess the contribution of information technology to this rebound, using the same neoclassical framework as in our earlier work. We find that a surge in the use of information technology capital and faster efficiency gains in the production of computers account for about two-thirds of the speed-up in productivity growth between the first and second halves of the 1990s. Thus, to answer the question posed in the title of the paper, information technology largely is the story. |
| doi_str_mv | 10.1257/jep.14.4.3 |
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Thus, to answer the question posed in the title of the paper, information technology largely is the story.</description><subject>Business</subject><subject>Business expansion</subject><subject>Capital market</subject><subject>Capital stocks</subject><subject>Communications equipment</subject><subject>Computer hardware</subject><subject>Computer software</subject><subject>Computers</subject><subject>Economic analysis</subject><subject>Economic growth</subject><subject>Economic performance</subject><subject>Economic systems</subject><subject>Electronic commerce</subject><subject>Income shares</subject><subject>Information technology</subject><subject>Labor productivity</subject><subject>Multifactor productivity</subject><subject>Personal computers</subject><subject>Productivity</subject><subject>Semiconductors</subject><subject>Software</subject><subject>Symposium: Computers and 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| ispartof | The Journal of economic perspectives, 2000-10, Vol.14 (4), p.3-22 |
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| source | American Economic Association; Business Source Complete; JSTOR; EZB Electronic Journals Library; Periodicals Index Online |
| subjects | Business Business expansion Capital market Capital stocks Communications equipment Computer hardware Computer software Computers Economic analysis Economic growth Economic performance Economic systems Electronic commerce Income shares Information technology Labor productivity Multifactor productivity Personal computers Productivity Semiconductors Software Symposium: Computers and Productivity U.S.A |
| title | The Resurgence of Growth in the Late 1990s: Is Information Technology the Story? |
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