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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

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

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

While information technologies (IT) are credited with the recent acceleration in productivity in the United States, many other industrial countries have not experienced a pickup in productivity growth. To explain this productivity divergence, we use panel data from 1992 to 1999 for 13 industrial...

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

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

This study measures the impact of information technology (IT) use on hospital operating costs during the late 1980's and early 1990's. Using a proprietary eight-year panel dataset (1987-1994) that catalogues application-level automation for the complete census of the 3,000 U.S. hospitals with...

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

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...

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

The U.S. and U.K. activities of Japanese banks: 1980-1988

Terrell, Henry S.; Dohner, Robert S.; Lowrey, Barbara R. - Federal Reserve Board (Board of Governors of the … - 1989

these two markets with the regulatory environment for banks in Japan, with Japan's overall external financial position, as … environment in Japan, including restraints on interest rates, and possible quantitative restraints, has had an important impact on … States as substitutes for their head offices in extending commercial and industrial loans to Japan-based companies as well as …

Persistent link: https://www.econbiz.de/10005368172

More evidence on the link between bank health and investment in Japan

Gibson, Michael S. - Federal Reserve Board (Board of Governors of the … - 1996

Among stock-market-listed Japanese firms in 1994-95, the financial health of the firm's main bank did not significantly affect its investment behavior, after controlling for stock market valuation and cash flow. However, among the subset of bank-dependent firms, investment was lower by over 50...

Persistent link: https://www.econbiz.de/10005368185