Journal Article
The acceleration in U.S. total productivity after 1995: the role of information technology
Abstract: Under standard conditions, total factor productivity (TFP) growth measures the pace of innovation or technological change in the economy. This article focuses on the period since the mid-1990s, when TFP accelerated. The authors find that most of the acceleration is accounted for by industries that use, rather than sectors that produce, information technology.
Keywords: Productivity; Information technology; Labor productivity;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2004
Volume: 28
Issue: Q I
Pages: 52-67