Information Technology and Productivity Growth in the 2000s
US productivity growth experienced continued productivity growth after 2000 even as investment, particularly in information technology (IT), slowed. This paper uses industry-level data to examine the link between average labor productivity (ALP) growth and IT in the post-2000 period. We use difference-in-difference and cross-sectional regressions to show that the link between ALP growth and IT-intensity is weaker after 2000 than before. These results are robust to alternative measures of IT-intensity such as the IT share of capital services, the level of IT capital depth, and the share of IT capital services in total output. We conclude that the post-2000 productivity gains in the United States do not appear to have been driven directly by IT. Copyright Verein für Socialpolitik and Blackwell Publishing Ltd. 2007.
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Volume (Year): 8 (2007)
Issue (Month): (05)
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References listed on IDEAS
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- Francesco Daveri, 2004. "Delayed IT Usage: Is it really the drag on Europe's productivity?," Working Papers 267, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Randy A. Becker & John Haltiwanger, 2006.
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in: A New Architecture for the U.S. National Accounts, pages 541-610
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- Randy Becker & John Haltiwanger & Ron Jarmin & Shawn Klimek & Dan Wilson, 2005. "Micro and Macro Data Integration: The Case of Capital," Working Papers 05-02, Center for Economic Studies, U.S. Census Bureau.
- Robert Inklaar & Mary O'Mahony & Marcel Timmer, 2005.
"ICT AND EUROPE's PRODUCTIVITY PERFORMANCE: INDUSTRY-LEVEL GROWTH ACCOUNT COMPARISONS WITH THE UNITED STATES,"
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International Association for Research in Income and Wealth, vol. 51(4), pages 505-536, December.
- Inklaar, Robert & Mahony, Mary O' & Timmer, Marcel, 2003. "ICT and Europe's productivity performance industry-level growth account comparisons with the United States," GGDC Research Memorandum 200368, Groningen Growth and Development Centre, University of Groningen.
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