This paper analyzes the impact of investment in information technology (IT) on the recent resurgence of world economic growth. We describe the growth of the world economy, seven regions, and 14 major economies during the period 1989-2004. We allocate the growth of world output between input...

A powerful surge in investment in information technology and equipment after 1995 characterizes all of the G7 economies. This accounts for a large portion of the resurgence in US economic growth, but contributes substantially to economic growth in the remaining G7 economies as well. Another...

Official U.S. poverty statistics based on household income imply that the proportion of the U.S. population below the poverty level reached a minimum in 1973, giving rise to the widespread impression that the elimination of poverty is impossible. By contrast, poverty estimates based on household...

A New Architecture for the U.S. National Accounts brings together a distinguished group of contributors to initiate the development of a comprehensive and fully integrated set of United States national accounts. The purpose of the new architecture is not only to integrate the existing systems of...

Since the Great Depression, researchers and statisticians have recognized the need for more extensive methods for measuring economic growth and sustainability. The recent recession renewed commitments to closing long-standing gaps in economic measurement, including those related to...

FrontMatter -- Contents -- Preface -- I PROCEEDINGS -- Welcome -- Introduction -- Panel I Productivity Trends in the Semiconductor Industry -- Panel II Cyclicality: Comparisons by Industry -- Luncheon Address: The Industry Perspective on Semiconductors -- Panel III Economic Growth and...

FrontMatter -- Contents -- Preface -- I INTRODUCTION -- Software and the New Economy -- II PROCEEDINGS -- Introduction--Dale W. Jorgenson -- The Economics of Software--William J. Raduchel -- Panel I - The Role of Software - What Does Software Do? -- Panel II - How Do We Make Software and Why Is...

FrontMatter -- Contents -- Preface -- List of Acronyms -- Overview of the Findings and Recommendations -- I INTRODUCTION -- The Emergence of the New Economy--Dale W. Jorgenson -- II FINDINGS AND RECOMMENDATIONS -- Findings and Recommendations -- III SUMMARY OF THE NRC CONFERENCES ON THE NEW...