United States: Selected Issues

International Monetary Fund

No 2004/228, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines the role of information and communication technology (ICT) in the recent acceleration of labor productivity growth in the United States. The analysis reveals that the increase of total factor productivity (TFP) growth is a broad phenomenon that encompasses non-ICT producing sectors, consistent with the view that ICT is a “general purpose technology.” The paper investigates whether the productivity boom may have dampened employment in recent years. It also assesses the contribution of immigrants to the United State economy.

Keywords: ISCR; CR; income tax; taxpayer; information and communication technology; Fed official; TFP growth; inflation-output tradeoff; Fed's mandate; WTO membership; Migration; Income and capital gains taxes; Income tax systems; Global; East Asia; Asia and Pacific; Central America; Europe (search for similar items in EconPapers)
Pages: 95
Date: 2004-07-30
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Citations: View citations in EconPapers (3)

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