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Keywords:Information technology 

Journal Article
The diffusion of personal computers across the United States

For the last fifteen years or so, information technology (IT) has become an ever more important part of the U.S. economy. Looking back over the period, there can be little doubt that the growing use of IT contributed significantly to the economy's performance, especially in the latter half of the 1990s, when output grew rapidly, unemployment declined to 25-year lows, productivity surged, and the inflation rate actually fell. ; A key question about IT's role in this performance is how its use spreads or diffuses throughout the economy. This Economic Letter focuses on a particular part of this ...
FRBSF Economic Letter

Working Paper
The case of the missing productivity growth: or, does information technology explain why productivity accelerated in the United States but not the United Kingdom?

Solow's paradox has disappeared in the United States but remains alive and well in the United Kingdom. In particular, the U.K. experienced an information and communications technology (ICT) investment boom in the 1990s in parallel with the U.S., but measured total factor productivity has decelerated rather than accelerated in recent years. We ask whether ICT can explain the divergent TFP performance in the two countries. Stories of ICT as a 'general purpose technology' suggest that measured TFP should rise in ICT-using sectors (reflecting either unobserved accumulation of intangible ...
Working Paper Series , Paper WP-03-08

Journal Article
Multinationals make the most of IT

National Economic Trends , Issue Jun

Journal Article
Productivity developments abroad

This article reviews recent productivity trends in foreign industrial countries. The focus of the analysis is on whether productivity abroad has accelerated to an extent comparable to that observed in the United States. The authors find that foreign labor productivity, unlike that of the United States, has not accelerated in the latter half of the 1990s and discuss the role played by information technology in influencing foreign productivity trends as well as cyclical and methodological factors that are important in the analysis of these trends.
Federal Reserve Bulletin , Volume 86 , Issue Oct , Pages 665-681

Conference Paper
The technology payoff in retail banking: the role of the technical labor force

Proceedings , Paper 536

Conference Paper
The new economy : background, historical perspective, questions, and speculations

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Chasing the tail of high-tech

The Region , Issue Sep , Pages 20-23, 38-41

Working Paper
Explaining a productive decade

This paper analyzes the sources of U.S. productivity growth in recent years using both aggregate and industry-level data. We confirm the central role for information technology (IT) in the productivity revival during 1995-2000 and show that IT played a significant, though smaller, role after 2000. Productivity growth after 2000 appears to have been boosted by industry restructuring and cost cutting in response to profit pressures, an unlikely source of future strength. In addition, the incorporation of intangible capital into the growth accounting framework takes some of the luster off the ...
Finance and Economics Discussion Series , Paper 2007-63

Journal Article
Living in an 800 MHz economy

EconSouth , Volume 2 , Issue Q4 , Pages 1

Journal Article
A new kind of farm

Related links:> https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2011/q3/feature4_weblinks.cfm
Econ Focus , Volume 15 , Issue 3Q , Pages 28-30

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