Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/93336
Authors: 
Acemoglu, Daron
Autor, David
Dorn, David
Hanson, Gordon H.
Price, Brendan
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Paper 7906
Abstract: 
An increasingly influential technological-discontinuity paradigm suggests that IT-induced technological changes are rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT-intensive industries depending on the exact measures, though not since the late 1990s. Most challenging to this paradigm, and our expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases, when detectable, result from the even faster declines in employment.
Subjects: 
productivity
IT capital
employment
Solow paradox
JEL: 
O3
J2
L6
Document Type: 
Working Paper

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