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Despite the major advances in information technology that have shaped the recent wave of globalization, openness to trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper suggests that a particular threat and a limiting factor to...
Persistent link: https://www.econbiz.de/10012462958
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/10012466870
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/10012466871
between non-IT and IT goods. The model is calibrated to the Japanese economy, and its solution path from 1990 on is compared … needs to direct 10% of private total hours to the IT sector …
Persistent link: https://www.econbiz.de/10012466923
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/10012468029
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/10012468030
communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995 …. GPT stories suggest that measured TFP should rise in ICT-using sectors, perhaps with long lags. Contemporaneously …, investments in ICT may in fact be associated with lower TFP as resources are diverted to reorganization and learning. In both the …
Persistent link: https://www.econbiz.de/10012468688
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/10012469972
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/10012470577
.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/10012470633