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dc.contributor.authorStiroh, Kevin J.en_US
dc.date.accessioned2012-08-17T14:24:07Z-
dc.date.available2012-08-17T14:24:07Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/60527-
dc.description.abstractThis paper examines the link between information technology (IT) and the U.S. productivity revival in the late 1990s. Industry-level data show a broad productivity resurgence that reflects both the production and the use of IT. The most IT-intensive industries experienced significantly larger productivity gains than other industries and a wide variety of econometric tests show a strong correlation between IT capital accumulation and labor productivity. To quantify the aggregate impact of IT-use and IT-production, a novel decomposition of aggregate labor productivity is presented. Results show that virtually all of the aggregate productivity acceleration can be traced to the industries that either produce IT or use IT most intensively, with essentially no contribution from the remaining industries that are less involved in the IT revolution.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of New York New York, NYen_US
dc.relation.ispartofseriesStaff Report, Federal Reserve Bank of New York 115en_US
dc.subject.ddc330en_US
dc.subject.keywordInformation technologyen_US
dc.subject.keywordIndustrial productivityen_US
dc.subject.keywordLabor productivityen_US
dc.subject.stwInformationstechniken_US
dc.subject.stwProduktivitäten_US
dc.subject.stwArbeitsproduktivitäten_US
dc.subject.stwUSAen_US
dc.titleInformation technology and the US productivity revival: What do the industry data say?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn331480581en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Staff Reports, Federal Reserve Bank of New York

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