Information technology and the world economy

Dale Jorgenson and Khuong Vu

Proceedings, 2005

Abstract: The purpose of this paper is to analyze the impact of investment in information technology (IT) equipment and software on the recent resurgence in world economic growth. The crucial role of IT investment in the growth of the U.S. economy has been thoroughly documented and widely discussed. Jorgenson (2001) has shown that the remarkable behavior of IT prices is the key to understanding the resurgence of American economic growth. This behavior can be traced to developments in semiconductor technology that are widely understood by technologists and economists.

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (79)

Downloads: (external link)
https://www.frbsf.org/wp-content/uploads/6_ITAndWorldEconomy.pdf Full Text (text/html)

Related works:
Journal Article: Information Technology and the World Economy (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedfpr:y:2005:x:26

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Proceedings from Federal Reserve Bank of San Francisco Contact information at EDIRC.
Bibliographic data for series maintained by Federal Reserve Bank of San Francisco Research Library ().