Will the new technologies turn the page on U.S. productivity growth?

Michelle Alexopoulos and Jon Cohen

Economics Letters, 2019, vol. 175, issue C, 19-23

Abstract: Is the recent slowdown in productivity likely to persist into the foreseeable future? Amazon.com data are used to create updated indicators of technical change and to establish the relationship between them and productivity growth. They reveal a slowdown in innovative activity in the early 2000s but register a recent uptick linked to innovations in robotics, AI, and cloud-computing. Estimates suggest that if these trends were to continue, large productivity gains are likely to be achieved in the near future.

Keywords: Productivity; Technical change; News shocks; Data mining (search for similar items in EconPapers)
JEL-codes: E3 O3 O4 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:175:y:2019:i:c:p:19-23

DOI: 10.1016/j.econlet.2018.11.027

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