Information technology and the U.S. productivity revival: what do the industry data say?
Kevin Stiroh ()
No 115, Staff Reports from Federal Reserve Bank of New York
This paper examines the link between information technology (IT) and the U.S. productivity revival in the late 1990s. Industry-level data show a broad productivity resurgence that reflects both the production and the use of IT. The most IT-intensive industries experienced significantly larger productivity gains than other industries and a wide variety of econometric tests show a strong correlation between IT capital accumulation and labor productivity. To quantify the aggregate impact of IT-use and IT-production, a novel decomposition of aggregate labor productivity is presented. Results show that virtually all of the aggregate productivity acceleration can be traced to the industries that either produce IT or use IT most intensively, with essentially no contribution from the remaining industries that are less involved in the IT revolution.
Keywords: Information technology; Industrial productivity; Labor productivity (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (26) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.newyorkfed.org/research/staff_reports/sr115.pdf [301 Moved Permanently]--> https://www.newyorkfed.org/research/staff_reports/sr115.pdf)
Journal Article: Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say? (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:fip:fednsr:115
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in Staff Reports from Federal Reserve Bank of New York Contact information at EDIRC.
Series data maintained by Amy Farber ().