Productivity: Information Technology And the American Growth Resurgence, Volume 3

Front Cover

The American economy has experienced renewed growth since 1995, with this surgerooted in the development and deployment of information technology (IT). This book traces theAmerican growth resurgence to its sources within individual industries, documents the critical roleof IT, and shows how U.S. nvestment in IT has important parallels in other developed countries.Inanalyzing the experience in the United States, the authors identify four IT-producing industries, 17IT-using industries, and 23 non-IT industries and show that the IT-producing and IT-using industriesplay a disproportionate role in the American growth resurgence. These industries account for onlyabout 30 percent of US GDP but contributed half of the acceleration in economic growth. The studyfinds that differences in the relative importance of IT-producing industries in other G7 countrieshave contributed to wide disparities in the impact of IT on economic growth.Productivity, Volume 3will be of special interest to analysts of the "new economy" and its remarkable persistence throughperiods of boom and recession.

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Contents

Understanding the Information Age
1
Aggregate Growth Accounting
17
Information Technology and Growth in the G7 Countries
59
Copyright

7 other sections not shown

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About the author (1995)

Mun S. Ho is a fellow in the Program on Technology and Economic Policy at the Kennedy School of Government at Harvard University, and Visiting Scholar at Resources for the Future, Washington, D.C.