We estimate productivity growth for 33 industries covering the entire Chinese economy using a time series of input-output tables covering 1982-2000. Capital input is measured using detailed investment data by asset and labor input uses demographic information from household surveys. We find a...

A consensus has emerged that the remarkable behavior of Information Technology (IT) prices provides the key to the surge in U.S. economic growth after 1995. The relentless decline in the prices of information technology equipment and software has steadily enhanced the role of IT investment....

A consensus has emerged that the remarkable behavior of IT prices provides the key to the surge in US economic growth after 1995. The relentless decline in the prices of information technology equipment and software has steadily enhanced the role of IT investment. Productivity growth in...

In this paper I present new international comparisons of economic growth among the G7 nations – Canada, France, Germany, Italy, Japan, the U.K. and the U.S. These comparisons focus on the impact of investment in information technology (IT) equipment and software over the period 1980-2000....

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It is widely recognized that information technology was critical to the dramatic acceleration of U.S. labor productivity growth in the mid 1990s. This paper traces the evolution of productivity estimates to document how and when this perception emerged. Early studies concluded that information...

In the economic theory of investment behavior the form of the optimal production and investment policy depends critically on the form of technology. The purpose of this paper is to select an appropriate description of technology on the basis of empirical evidence for United States manufacturing...