The acceleration in U.S. total productivity after 1995: the role of information technology

Under standard conditions, total factor productivity (TFP) growth measures the pace of innovation or technological change in the economy. This article focuses on the period since the mid-1990s, when TFP accelerated. The authors find that most of the acceleration is accounted for by industries that use, rather than sectors that produce, information technology.

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Year of publication:	2004
Authors:	Fernald, John ; Ramnath, Shanthi
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 2004, Q I, v. 28, no. 1, p. 52-67
Publisher:	Federal Reserve Bank of Chicago
Subject:	Productivity \| Information technology \| Labor productivity

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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