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IT investment and Hicks' composite-good theorem: the U.S. experience

Marquez, Jaime; Wang, Shing-Yi - Federal Reserve Board (Board of Governors of the … - 2003

We study whether aggregation residuals in U.S. private investment in information technology (IT) exhibit a predictable pattern that is consistent with Hicks' composite-good theorem and that may be used for forecasting. To determine whether one can extract such a pattern, we apply the...

Persistent link: https://www.econbiz.de/10005368144

International comparisons of productivity growth: the role of information technology and regulatory practices

Gust, Christopher; Marquez, Jaime - Federal Reserve Board (Board of Governors of the … - 2002

differences in both the production and adoption of information technologies. Based on this finding, we proceed to investigate what … factors might play a role in explaining differences in IT adoption. Our results support the view that burdensome regulatory … environments and in particular regulations affecting labor market practices have impeded the adoption of information technologies …

Persistent link: https://www.econbiz.de/10005372583

Health care finance and the early adoption of hospital information systems

Borzekowski, Ron - Federal Reserve Board (Board of Governors of the … - 2002

This study examines the adoption of hospital information systems (HIS), specifically focusing on the connection between … the financing of health care and the adoption of these new technologies. Using a recently uncovered dataset detailing the … systems installed at over 2300 hospitals, the results indicate that state price regulations slowed the adoption of these …

Persistent link: https://www.econbiz.de/10005721035

Information technology and productivity: where are we now and where are we going?

Oliner, Stephen D.; Sichel, Daniel E. - Federal Reserve Board (Board of Governors of the … - 2002

Productivity growth in the U.S. economy jumped during the second half of the 1990s, a resurgence that many analysts linked to information technology (IT). However, shortly after this consensus emerged, demand for IT products fell sharply, leading to a lively debate about the connection between...

Persistent link: https://www.econbiz.de/10005393720

Measuring the cost impact of hospital information systems: 1987-1994

Borzekowski, Ron - Federal Reserve Board (Board of Governors of the … - 2002

years after adoption. At the application level, declining costs are associated with the adoption of some of the newest …

Persistent link: https://www.econbiz.de/10005393740

The resurgence of growth in the late 1990s: is information technology the story?

Oliner, Stephen D.; Sichel, Daniel E. - Federal Reserve Board (Board of Governors of the … - 2000

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 recent rebound, this paper re-examines the growth...

Persistent link: https://www.econbiz.de/10005393903

Explaining a productive decade

Oliner, Stephen D.; Daniel E. Sichel.; Stiroh, Kevin J. - Federal Reserve Board (Board of Governors of the … - 2007

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...

Persistent link: https://www.econbiz.de/10005394129

Sectoral productivity in the United States: recent developments and the role of IT

Corrado, Carol; Lengermann, Paul; Bartelsman, Eric J.; … - Federal Reserve Board (Board of Governors of the … - 2007

This paper introduces new estimates of recent productivity developments in the United States, using an appropriate theoretical framework for aggregating industry MFP to sectors and the total economy. Our work sheds light on the sources of the continued strong performance of U.S. productivity...

Persistent link: https://www.econbiz.de/10005512972