ICT drives the U.S. productivity revival

Kevin Stiroh ()

Journal of Financial Transformation, 2001, vol. 2, 29-34

Abstract: The combination of strong labor productivity growth and accelerating investment in information and communications technology (ICT) equipment has led many to believe that the ICT revolution is driving the U.S. productivity revival. This paper reviews aggregate evidence for the U.S. economy in the 1990s that shows that both the production and the use of ICT equipment have made important contributions to aggregate productivity growth. Taken together, the ICT-producing and ICT-using channels account for about half of the aggregate productivity acceleration in the U.S. in the late 1990s.

Keywords: Information and communications technology (ICT); productivity growth (search for similar items in EconPapers)
JEL-codes: O31 O33 O40 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1264

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