Do computers make output harder to measure?

Journal of Technology Transfer

Volumn 26, Issue 4, 2001, Pages 295-321

  McGuckin, Robert H ^a   Stiroh, Kevin J ^b  

^a Conference Board ^*  (United States)

^b FEDERAL RESERVE BANK OF NEW YORK   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

AGGREGATES; MANUFACTURE;

MANUFACTURING INDUSTRIES; MEASUREMENT PROBLEMS; PERCENTAGE POINTS; PRODUCTIVITY GROWTH; SERVICE INDUSTRIES;

PRODUCTIVITY;

EID: 0000729921     PISSN: 08929912     EISSN: 15737047     Source Type: Journal    
DOI: 10.1023/A:1011170416813     Document Type: Article

References (51)

1. Baily, M.N. and R.J. Gordon, 1988, 'The Productivity Slowdown, Measurement Issues, and the Explosion of Computer Power', Brookings Papers on Economic Activity 2, 347-431.
2. Berger, A.N. and L.J. Mester, 1999, 'What Explains the Dramatic Changes in Cost and Profit Performance of the U.S. Banking Industry?' Working Paper No. 99-1, Federal Reserve Bank of Philadelphia.
3. Berndt, E.R. and C.J. Morrison, 1995, 'High-Tech Capital Formation and Economic Performance in U.S. Manufacturing Industries: An Exploratory Analysis', Journal of Econometrics 65, 9-43.
4. Blinder, A.S., 1997, 'The Speed Limit: Fact and Fancy in the Growth Debate', The American Prospect, No. 34, September-October, pp. 57-62.
5. Brynjolffson, E. and L. Hitt, 1995, 'Information Technology as a Factor of Production: The Role of Differences Among Firms', Economics of Innovation and New Technology 3 (3-4), 183-200.
6. Brynjolffson, E. and S. Yang, 1996, 'Information Technology and Productivity: A Review of the Literature', Advances in Computers 43 (February), 179-214.
7. Brynjolffson, E. and S. Yang, 1998, 'The Intangible Benefits and Costs of Computer Investments: Evidence from the Financial Markets', manuscript, MIT.
8. Bureau of Economic Analysis, 1998, 'Fixed Reproducible Tangible Wealth of the United States, 1925-1996', NCN-0136.
9. Bureau of Labor Statistics, 1999a, 'Multifactor Productivity Trends, 1997', USDL-99-36, February 11.
10. Bureau of Labor Statistics, 1999b, 'Productivity and Cost, Preliminary First Quarter Measures, 1999', USDL-99-126, May 11.
11. Caselli, F., 1999, 'Technological Revolutions', The American Economic Review 89 (1), 78-102.
12. Corrado, C. and L. Slifman, 1999, 'Decomposition of Productivity and Unit Costs', American Economic Review, Papers and Proceedings 89 (2), 328-333.
13. Dean, E.R., 1999, 'The Accuracy of the BLS Productivity Measures', Monthly Labor Review, February, pp. 24-34.
14. Diewert, E. and K. Fox, 1999, 'Can Measurement Error Explain the Productivity Paradox', Canadian Journal of Economics 32 (2), 251-280.
15. Eldridge, L.P., 1999, 'How Price Indexes Affect BLS Productivity Measures', Monthly Labor Review, Feburary, pp. 35-46.
16. Gera, S.W. Wu, and F.C. Lee, 1999, 'Information Technology and Labour Productivity Growth: An Empirical Analysis for Canada and the United States', Canadian Journal of Economics 32 (2), 384-407.
17. Gordon, Robert J., 2000, 'Does the 'New Economy' Measure up to the Great Inventions of the Past?' Journal of Economic Perspectives 14 (4), 49-74.
18. Greene, W.H., 1990, Econometric Analysis, New York: Macmillan.
19. Griliches, Z., 1992, Output Measurement in the Service Sectors, Chicago: University of Chicago Press.
20. Griliches, Z., 1994, 'Productivity, R&D, and the Data Constraint', American Economic Review 84 (1), 1-23.
21. Griliches, Z. 1997, 'Comment on Sichel', Review of Economics and Statistics, p. 371.
22. Griliches, Z. and J. Mairesse, 1998, 'Production Functions: The Search for Identification', in Steinar Strom (ed.), Econometrics and Economic Theory in the 20th Century, Cambridge: Cambridge University Press.
23. Gullickson, W. and M.J. Harper, 1999, 'Possible Measurement Bias in Aggregate Productivity Growth', Monthly Labor Review, February, pp. 47-67.
24. Haimowitz, J.H., 1998, 'Has the Surge in Computer Spending Fundamentally Changed the Economy?' Economic Review, Federal Reserve Bank of Kansas City, Second Quarter, pp. 27-42.
25. Hill, P.T., 1977, 'On Goods and Services', Review of Income and Wealth 123 (4), 315-318.
26. Ho, M.S., D.W. Jorgenson and K.J. Stiroh, 1999, 'U.S. High-Tech Investment and the Pervasive Slowdown of U.S. Capital Services', manuscript, Harvard University.
27. Jorgenson, D.W. and K.J. Stiroh, 1995, 'Computers and Growth', Economics of Innovation and New Technology 3 (3-4), 295-316.
28. Jorgenson, D.W. and K.J. Stiroh, 1999, 'Information Technology and Growth', American Economic Review, Papers and Proceedings 89 (2), 109-115.
29. Jorgenson, D.W. and K.J. Stiroh, 2000, 'Raising the Speed Limit: U.S. Economic Growth in the Information Age', Brookings Papers on Economic Activity, 1, 125-211.
30. Kahn, J.A. and J.-S. Lim, 1998, 'Skilled-Labor Augmenting Technical Progress in U.S. Manufacturing', Quarterly Journal of Economics CXIII (4), 1281-1308.
31. Katz, A.J. and S.W. Herman, 1997, 'Improved Estimates of Fixed Reproducible Tangible Wealth, 1929-95', Survey of Current Business, May, pp. 69-92.
32. Lehr, B. and F. Lichtenberg, 1999, 'Information Technology and Its Impact on Firm-Level Productivity: Evidence from Government and Private Data Sources, 1977-1993,' Canadian Journal of Economics, 32 (2), 335-362.
33. Lichtenberg, F.R. 1995, 'The Output Contributions of Computer Equipment and Personnel: A Firm-Level Analysis', Economics of Innovation and New Technology 3 (3-4), 201-218.
34. Lum, S.K.S. and B.C. Moyer, 1998, 'Gross Product by Industry, 1995-97', Survey of Current Business, November, pp. 29-40.
35. Lum, S.K.S. and R.E. Yuskavage, 1997, 'Gross Product by Industry, 1947-1996', Survey of Current Business, November, pp. 20-34.
36. McGuckin, R.H. and K.J. Stiroh, 1998, 'Computers, Productivity, and Input Substitution', Economic Research Report No. 1213-98-RR, The Conference Board.
37. McGuckin, R.H. and K.J. Stiroh, 1999, 'Computers and Productivity: Are Aggregation Effects Important?' manuscript.
38. Morrison, C.J., 1997, 'Assessing the Productivity of Information Technology Equipment in U.S. Manufacturing Industries', Review of Economics and Statistics, pp. 471-481.
39. Oliner, S.D. and D.E. Sichel, 1994, 'Computers and Output Growth Revisited: How Big Is the Puzzle?' Brookings Papers on Economic Activity 2, 273-317.
40. Oliner, S.D. and D.E. Sichel, 2000, 'The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?' mimeo, Federal Reserve Board.
41. Popkin, J., 1992, 'The Impact of Measurement and Analytical Issues in Assessing Industry Productivity and Its Relationship to Computer Investment', manuscript, October.
42. Sherwood, M.K., 1994, 'Difficulties in the Measurement of Service Outputs', Monthly Labor Review, March, pp. 11-19.
43. Sichel, D.E. 1997, 'The Productivity Slowdown: Is a Growing Unmeasurable Sector the Culprit?' Review of Economics and Statistics, pp. 367-370.
44. Sichel, D.E., 1999, 'Computers and Aggregate Economic Growth: An Update', Business Economics XXXIV (2), 18-24.
45. Siegel, D. 1997, 'The Impact of Computers on Manufacturing Productivity Growth: A Multiple-Indicators, Multiple-Causes Approach', Review of Economics and Statistics, pp. 68-78.
46. Steindel, C., 1992, 'Manufacturing Productivity and High-Tech Investment', FRBNY Quarterly Review, Summer, pp. 39-47.
47. Stiroh, K.J., 1998, 'Computers, Productivity, and Input Substitution', Economic Inquiry XXXVI (2), 175-191.
48. Stiroh, K.J. 1999a, 'Is There a New Economy?' Challenge 42 (4), 82-101.
49. Stiroh, K.J. 1999b, 'How Did Bank Holding Companies Prosper in the 1990s?' Journal of Banking and Finance, forthcoming.
50. Triplett, J.E., 1999, 'Economic Statistics, the New Economy, and the Productivity Slowdown', Business Economics XXXIV (2), 13-17.
51. Yuskavage, R.E., 1996, 'Improved Estimates of Gross Product by Industry, 1959-95,' Survey of Current Business, August, pp. 133-155.