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dc.contributor.authorBrynjolfsson, Eriken_US
dc.date.accessioned2012-01-11en_US
dc.date.accessioned2012-01-12T11:00:46Z-
dc.date.available2012-01-12T11:00:46Z-
dc.date.issued2011en_US
dc.identifier.citationEIB Papers 0257-7755 16 2011 2 60-76en_US
dc.identifier.urihttp://hdl.handle.net/10419/54668-
dc.description.abstractThe revival in US productivity growth since the mid-1990s is linked to a surge in investment in information and communication technologies (ICT). Against the backdrop of a weakening link between productivity and traditional innovation inputs (e.g. R&D expenditure), digitization has spurred productivity through innovations in management techniques, business models, work processes and human resource practices. More fundamentally, digitization is changing the way innovation itself is done, opening the prospect of a long-term increase in the overall rate of innovation. Over time, this will dwarf the benefits from any particular innovation. Digitization is transforming innovation in four ways: 1) improved real-time measurement of business activities; 2) faster and cheaper business experimentation; 3) more widespread and easier sharing of ideas; and 4) the ability to replicate innovations more quickly and more accurately. This mutually reinforcing sequence amounts to a new kind of R&D, with far-reaching implications for public policy.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.subject.ddc330en_US
dc.titleICT, innovation and the e-economyen_US
dc.typeArticleen_US
dc.identifier.ppn682754064en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:EIB Papers, European Investment Bank (EIB)

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