IDEAS home Printed from https://ideas.repec.org/p/fth/unwoem/99-011.html

Understanding Digital Technology's Evolution and the Path of Measured Productivity Growth: Present and Future in the Mirror of the Past

Author

Listed:
  • David, P.A.

Abstract

Three styles of explanation have been advanced by economists seeking to account for the so-called "productivity paradox". The coincidence of a persisting slowdown in the growth of measured total factor productivity (TFP) in the US, since the mid-1970's with the wave of information technology (It) innovations, is said by some to be an illusion due to the mismeasurement of real output growth; by others to expose the mistaken expectations about the benefits of computerization; and by still others to reflect the amount of time, and the volume of intangible investments in "learning", and the time required for ancillary innovations that allow the new digital technologies to be applied in ways that are reflected in measured productivity growth. This paper shows that rather than viewing these as competing hypotheses, the dynamics of the transition to a new technological and economic regime based upon a general purpose technology (GPT) should be understood to be likely to give rise to all three "effects."

Suggested Citation

  • David, P.A., 2000. "Understanding Digital Technology's Evolution and the Path of Measured Productivity Growth: Present and Future in the Mirror of the Past," Papers 99-011, United Nations World Employment Programme-.
    • Handle: RePEc:fth:unwoem:99-011
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nirvikar Singh, 2004. "Information Technology and India’s Economic Development," Development and Comp Systems 0412007, University Library of Munich, Germany.
    2. Paul A. Davi & dDominique Foray & CNRS and Institut pour le Management de la Recherche et de l`Innovation & Paris-Dauphine University, 2001. "An Introduction to the Economy of the Knowledge Society," Economics Series Working Papers 84, University of Oxford, Department of Economics.
    3. Carolina Castaldi & Giovanni Dosi, 2008. "Technical Change and Economic Growth: Some Lessons from Secular Patterns and Some Conjectures on the Current Impact of ICT Technology," LEM Papers Series 2008/01, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Mauro Napoletano & Jean-Luc Gaffard, 2009. "Country Size, Appropriate Policy, and Economic Performance: Some Evidence from OECD Countries," Documents de Travail de l'OFCE 2009-08, Observatoire Francais des Conjonctures Economiques (OFCE).
    5. Takase, Kae & Murota, Yasuhiro, 2004. "The impact of IT investment on energy: Japan and US comparison in 2010," Energy Policy, Elsevier, vol. 32(11), pages 1291-1301, July.
    6. Consoli, Davide & Rentocchini, Francesco, 2015. "A taxonomy of multi-industry labour force skills," Research Policy, Elsevier, vol. 44(5), pages 1116-1132.
    7. Hiroshi Ohashi, 2003. "Econometric analysis of price index for home video cassette recorders in the U.S., 1978-1987," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 12(2), pages 179-197.
    8. Consoli, Davide & Patrucco, Pier Paolo & Quatraro, Francesco, 2006. "Un'Analisi Comparata delle Performance Tecnologiche nel Nord-Ovest Sabaudo nel Lungo Periodo nel Contesto delle RegioniItaliane: Gli Anni 1980-2001," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200605, University of Turin.
    9. Alan Hughes & Michael S Scott Morton, 2005. "ICT and productivity growth - the paradox resolved?," Working Papers wp316, Centre for Business Research, University of Cambridge.
    10. Simona Iammarino & Cecilia Jona-Lasini & Susanna Mantegazza, 2004. "Labour productivity, ICT and regions: The revival of Italian “dualism”?," SPRU Working Paper Series 127, SPRU - Science Policy Research Unit, University of Sussex Business School.
    11. Carolina Castaldi & Sandro Sapio, 2008. "Growing like mushrooms? Sectoral evidence from four large European economies," Journal of Evolutionary Economics, Springer, vol. 18(3), pages 509-527, August.
    12. Boyer, Robert, 2001. "La "nouvelle économie" au futur antérieur : histoire, théories, géographie," CEPREMAP Working Papers (Couverture Orange) 0113, CEPREMAP.
    13. Paul A. David, 2005. "Productivity growth prospects and the new economy in historical perspective," Economic History 0502005, University Library of Munich, Germany.
    14. Parthasarathy, Balaji & Dey, Supriya & Gupta, Pranjali, 2021. "Overcoming wicked problems and institutional voids for social innovation: University-NGO partnerships in the Global South," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    15. Sandro Sapio & Grid Thoma, 2006. "The Growth of Industrial Sectors: Theoretical Insights and Empirical Evidence from U.S. Manufacturing," LEM Papers Series 2006/09, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

    More about this item

    Keywords

    ;
    ;

    JEL classification:

    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:unwoem:99-011. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Krichel (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.