The computer and the economy: will information technology ever produce the productivity gains that were predicted?
Type of work: Article (academic)
Categories:Economics | Information Society
The article examines whether information technology will ever produce the productivity gains that were predicted. According to U.S. government data, productivity growth has not accelerated since the information revolution got going. In fact, except in manufacturing, it has decelerated. The authors argue that standard quantity measures, such as real GDP, understate production.