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Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth
Nordhaus, William D. - 2015
What are the prospects for long-run economic growth? The present study looks at a recently launched hypothesis, which I label Singularity. The idea here is that rapid growth in computation and artificial intelligence will cross some boundary or Singularity after which economic growth will...
Persistent link: https://www.econbiz.de/10013015557
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Five Puzzles in the Behavior of Productivity, Investment, and Innovation
Gordon, Robert J. - 2021
temporary bubble in 2002-03. (2) Why did productivity growth accelerate after 2000 when the ICT investment boom was collapsing …
Persistent link: https://www.econbiz.de/10013215683
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Productivity Growth and the New Economy
Nordhaus, William D. - 2021
.65 percentage points for business output, and 1.18 percentage points for well-measured output. It is clear that the productivity …
Persistent link: https://www.econbiz.de/10013216101
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Does the "New Economy" Measure Up to the Great Inventions of the Past?
Gordon, Robert J. - 2021
doubts about the validity of this comparison with the Great Inventions of the past. It dissects the recent productivity …
Persistent link: https://www.econbiz.de/10013226064
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Population Growth, Technological Adoption and Economic Outcomes : A Theory of Cross-Country Differences for the Information Era
Beaudry, Paul; Green, David A. - 2021
The object of this paper is to show how population growth, through its interaction with recent technological and organizational developments, can account for many of the cross-country differences in economic outcome observed among industrialized countries over the last 20 years. In particular,...
Persistent link: https://www.econbiz.de/10013234366
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The Industry Origins of Japanese Economic Growth
Jorgenson, Dale W.; Nomura, Koji - 2021
This paper presents new data on the sources of growth for the Japanese economy over the period 1960- 2000. The principal innovation is the incorporation of detailed information for individual industries, including those involved in the production of computers, communications equipment, and...
Persistent link: https://www.econbiz.de/10013210549
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Information Technology and the Japanese Economy
Jorgenson, Dale W.; Motohashi, Kazuyuki - 2021
the role of information technology (IT). We have adjusted Japanese data to conform to U.S. definitions in order to provide … contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input … and productivity growth from the Non-IT sector lagged far behind the United States. Our projection of potential economic …
Persistent link: https://www.econbiz.de/10013210551
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Why Was Europe Left at the Station When America'S Productivity Locomotive Departed?
Gordon, Robert J. - 2021
United States is in ICT-using industries like wholesale and retail trade and in securities trading. The contrast in retailing …
Persistent link: https://www.econbiz.de/10013246680
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Digital Dark Matter and the Economic Contribution of Apache
Greenstein, Shane M. - 2014
rate or return from IT spillovers from the invention of the Internet, and to a large potential undercounting of "digital …
Persistent link: https://www.econbiz.de/10013062615
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Productivity, Computerization, and Skill Change
Wolff, Edward N. - 2021
Using pooled cross-section, time-series data for 44 industries over the decades of the 1960s, 1970s, and 1980s in the United States, I find no econometric evidence that computer investment is positively linked to TFP growth (over and above its inclusion in the TFP measure). However,...
Persistent link: https://www.econbiz.de/10013313640