measured growth in multifactor productivity since 1974 by about 1/2 percentage point--a nontrivial percentage of the … productivity slowdown. Combining the adjustments to multifactor productivity and the impact of computers implied by the model with …

focuses on two effects--the effect of increased productivity in the computer-producing sector and the effect of investments in … computing equipment on the productivity of those who use them--and concludes that together they account for almost all of the … recent acceleration in U.S. labor productivity. In calculating the computer-usage effect, standard NIPA measures of the …