Dewan, Sanjeev; Min, Chung-ki - In: Management Science 43 (1997) 12, pp. 1660-1675
Fueled by its constant technological and price improvements, information technology (IT) is displacing other inputs in the production of goods and services. By 1994, IT accounts for over 15% of fixed investments by the U.S. private sector, and the ratio of new IT investments to labor costs is...