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Information Technology and Productivity: Old Answers and New Questions

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  • Kevin Stiroh

Abstract

This article reviews the US productivity growth experience over the last decade and discusses a set of issues that will likely impact productivity growth over the next decade. I begin by examining the evolving productivity picture since the early 1990s by looking at vintage data on actual productivity from the U.S. Bureau of Labor Statistics and on the productivity outlook from the Congressional Budget Office. I then examine the sources of productivity growth to show how the productivity experience of the second half of the 1990s differed sharply from the experience during the first half of the 2000s. In particular, information technology appears much less important in the 2000s. I conclude by raising a series of questions around technological progress, investment and other factors to help frame discussions about the prospects for future of productivity growth for the US economy. (JEL codes: D24, O47) Copyright , Oxford University Press.

Suggested Citation

  • Kevin Stiroh, 2008. "Information Technology and Productivity: Old Answers and New Questions," CESifo Economic Studies, CESifo Group, vol. 54(3), pages 358-385, September.
    • Handle: RePEc:oup:cesifo:v:54:y:2008:i:3:p:358-385
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    File URL: http://hdl.handle.net/10.1093/cesifo/ifn023
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    Citations

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    Cited by:

    1. Cette, Gilbert & Fernald, John & Mojon, Benoît, 2016. "The pre-Great Recession slowdown in productivity," European Economic Review, Elsevier, vol. 88(C), pages 3-20.
    2. Adriano Olímpio Tonelli & Paulo Henrique Souza Bermejo & Pâmela Aparecida dos Santos & Larissa Zuppo & André Luiz Zambalde, 2017. "It governance in the public sector: a conceptual model," Information Systems Frontiers, Springer, vol. 19(3), pages 593-610, June.
    3. Adriano Olímpio Tonelli & Paulo Henrique Souza Bermejo & Pâmela Aparecida dos Santos & Larissa Zuppo & André Luiz Zambalde, 0. "It governance in the public sector: a conceptual model," Information Systems Frontiers, Springer, vol. 0, pages 1-18.
    4. Prasanna Tambe & Lorin M. Hitt, 2012. "The Productivity of Information Technology Investments: New Evidence from IT Labor Data," Information Systems Research, INFORMS, vol. 23(3-part-1), pages 599-617, September.
    5. Allam Hamdan & Reem Khamis & Mohammed Anasweh & Mukhtar Al-Hashimi & Anjum Razzaque, 2019. "IT Governance and Firm Performance: Empirical Study From Saudi Arabia," SAGE Open, , vol. 9(2), pages 21582440198, April.

    More about this item

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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