Productivity: Information technology and the American growth resurgence
MIT Press, Oct 1, 2005 - Business & Economics - 446 pages
The American economy has experienced renewed growth since 1995, with this surge rooted in the development and deployment of information technology (IT). This book traces the American growth resurgence to its sources within individual industries, documents the critical role of IT, and shows how U.S. investment in IT has important parallels in other developed countries.
In analyzing the experience in the United States, the authors identify four IT-producing industries, 17 IT-using industries, and 23 non-IT industries and show that the IT-producing and IT-using industries play a disproportionate role in the American growth resurgence. These industries account for only about 30 percent of US GDP but contributed half of the acceleration in economic growth. The study finds that differences in the relative importance of IT-producing industries in other G7 countries have contributed to wide disparities in the impact of IT on economic growth.
Productivity, Volume 3 will be of special interest to analysts of the "new economy" and its remarkable persistence through periods of boom and recession.
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Understanding the Information Age
Aggregate Growth Accounting
Information Technology and Growth in the G7 Countries
7 other sections not shown
44 Government 44 industries aggregate value-added Apparel assets average Business Svc excl capital and labor capital deepening capital input capital quality capital services capital stock CN CN Coal Mining Communications Equipment Computer Services Computers and Office contributions to aggregate detailed economic growth Electrical Mach Electronic Components Energy Mining equation estimates Fabricated Metal factor productivity growth Food and Tobacco Gas Mining Government Education Government Enterprises Government excl gross output growth accounting growth rates industry-level information technology intermediate inputs investment IT-producing industries labor input labor productivity labor quality Lumber Machinery excl non-IT capital Office Equipment Oil and Gas output growth percent period Petroleum Refining Primary Metal Printing and Publishing production function production possibility frontier Professional and Social Real Estate Rental relative Retail and Eating Rubber and Plastic sectors semiconductor Social Svcs TFP growth total factor productivity Transportation Equipment U.S. economy Wholesale Trade workers