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The use of IT throughout the economy has made a large contribution to the acceleration of productivity since 1995. The production of computers and embedded semiconductors has also contributed importantly to this recent acceleration. Taken together, these two factors account for about two-thirds of the acceleration in labor productivity since 1995.
Feb 5, 2021 · April 2000 The Resurgence of Growth in the Late 1990s: Is Information Technology the Story? Stephen D. Oliner and Daniel E. Sichel Abstract: The performance of the U.S. economy over the past several years has been remarkable, including a rebound in labor productivity growth after nearly a quarter century of sluggish gains. To assess the role of information technology in …
The Resurgence of Growth in the Late 1990s: Is Information Technology the Story? by Stephen D. Oliner and Daniel E. Sichel. Published in volume 14, issue 4, pages 3-22 of Journal of Economic Perspectives, Fall 2000, Abstract: The growth of U.S. labor productivity rebounded in …
Jan 30, 2020 · While supporting a positive contribution of IT capital, including hardware, software, and communication equipment, to U.S. output and productivity growth in the late 1990’s, Oliner and Sichel [21] found, however, only very little contribution of Internet usage in the form of e-commerce to productivity growth.
Jul 1, 2003 · Table 2 compares our latest numbers to those in Oliner and Sichel (2000a). 9 The second column of the table shows contributions to the pickup in labor productivity growth from our earlier paper, the third column presents estimates through 2000 using recent data, and the fourth column repeats the contributions through 2001 shown in Table 1.
All in all, we estimate that the use of information technology and the production of computers accounted for about two-thirds of the 1 percentage point step-up in productivity growth between the first and second halves of the decade. Thus, to answer the question posed in the title of this paper, information technology largely is the story.
This paper investigates the significant acceleration of labor productivity in the U.S. economy during the late 1990s, focusing on the role of information technology (IT) as a key driver. By updating previous analyses, the authors find that the growing use of IT equipment, along with improved efficiency in computer production, accounts for approximately two-thirds of the productivity …
Jan 24, 2001 · Why? Is there a link? A consensus is now emerging that both the production and the use of IT have contributed substantially to the aggregate productivity revival in the late 1990s (Bureau of Labor Statistics (2000a, 2000b), Council of Economic Advisors (2001), Jorgenson and Stiroh (2000), Oliner and Sichel (2000), and Whelan (2000a)).2These aggregate results add to a …
We first examined the link between computers and growth in Oliner and Sichel (1994). At that time, many observers were wondering why productivity growth had failed to revive despite the billions of dollars that U.S. companies had poured into information technology over the preceding decade.
After productivity growth improved dramatically in the last half of the 1990s, the Bureau of Labor Statistics (2000), Jorgenson and Stiroh (2000), and Oliner and Sichel (2000) all reported substantial contributions from information technology capital to economic growth.
The use of IT throughout the economy has made a large contribution to the acceleration of productivity since 1995. The production of computers and embedded semiconductors has also contributed importantly to this recent acceleration. Taken together, these two factors account for about two- thirds of the acceleration in labor productivity since 1995.
The Resurgence of Growth in the Late 1990s: Is Information Technology the Story? Stephen D. Oliner and Daniel E. Sichel 2000-20
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