The outstanding economic performance of East Asian countries has been investigated in numerous studies. However, most comparative studies analyze macro-level productivity. In this book, the productivity performance of China, Korea, Japan, Taiwan and the United States are compared at industry...

The contemporary framework for productivity measurement presented in this volume focuses on the impact of information technology on economic growth. The remarkable behavior of information technology prices provides the key to the resurgence of productivity growth in the USA and the world economy.

Zvi Griliches has made many seminal contributions to econometrics during the course of a long and distinguished career. His work has focused primarily on the economics of technological change and the econometric problems that arise in trying to study it.