Is IT Driving the U.S. Productivity Revival?

Kevin Stiroh ()

International Productivity Monitor, 2001, vol. 2, 31-36

Abstract: Since 1995, productivity growth has accelerated significantly in the United States. Information technology has always been thought to be the driving force behind this development. In this article by Kevin Stiroh of the Federal Reserve Bank of New York provides strong empirical support for this view. Stiroh finds that the industries that made the largest investments in information technology (IT) in the early 1990s show the largest productivity gains in the late 1990s and that IT capital investment has a large impact of productivity gains. His evidence also supports the view that the U.S. productivity revival is not cyclical in nature, but a long-term or structural phenomenon.

Keywords: Productivity; Productivity Growth; United States; Investment; IT; ICT; 1990s; Cyclical; Structural; Sectors; Labor Productivity; Labour; Capital Accumulation; Linkages (search for similar items in EconPapers)
JEL-codes: D24 J24 O30 O31 O47 O51 (search for similar items in EconPapers)
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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