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

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Author Info

  • Dale W. Jorgenson

    ()
    (Harvard University)

  • Mun S. Ho

    ()
    (Harvard University)

  • Kevin J. Stiroh

    ()
    (Federal Reserve Bank of New York)

Abstract

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.

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Bibliographic Info

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This book is provided by The MIT Press in its series MIT Press Books with number 0262101114 and published in 2005.

Volume: 3
Edition: 1
ISBN: 0-262-10111-4
Handle: RePEc:mtp:titles:0262101114

Contact details of provider:
Web page: http://mitpress.mit.edu

Related research

Keywords: productivity; information technology; american growth resurgence;

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