Two of the defining characteristics of the US economy in the late 1990's were faster labor
productivity growth and strong investment in information technology (IT) assets. Why? Is …

Some observers have raised the possibility that production spillovers and network effects
associated with information and communications technology (ICT) are an important part of …

Economists have long debated the best way to explain the sources of productivity growth.
Neoclassical theory and'new growth'theory both regard investment-broadly defined to …

An increase in computer usage could improve product and labor quality. Unfortunately,
many quality improvements are not incorporated in price indexes. Thus, a quality bias could …

The impact of information and communication technology (ICT) on economic performance
has been the subject of academic research for several decades, and despite the remarkable …

This paper analyzes and extends the growing econometric literature on the economic impact
of information technology (IT). I begin with a" meta-analysis" to systematically examine the …

There is good reason to believe that R&D influences on TFP growth in other sectors are
indirect. For R&D to spill over, it must first be successful in the home sector. Indeed …

This book challenges the conventional wisdom that greater schooling and skill improvement
leads to higher wages, that income inequality falls with wider access to schooling, and that …

In recent years, US productivity growth accelerated sharply in manufacturing, but has
remained sluggish in the most computer-intensive service industries. This paper explores …

Robert Solow was, perhaps, the fIrst to point out the anomaly between productivity growth
and computerization. Indeed, he quipped that we see computers everywhere except in the …