Does the United States Have a Productivity Slowdown or a Measurement Problem?

After 2004, measured growth in labor productivity and total factor productivity slowed. We find little evidence that this slowdown arises from growing mismeasurement of the gains from innovation in information technology-related goods and services. First, the mismeasurement of information technology...

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Bibliographic Details
Published in:	Brookings papers on economic activity 2016-04, Vol.2016 (1), p.109-157
Main Authors:	BYRNE, DAVID M., FERNALD, JOHN G., REINSDORF, MARSHALL B.
Format:	Article
Language:	English
Subjects:	1978-2014 Advertising Capital investments Computer software Consumer Price Index Consumers Consumption Economic models Electronic commerce Funding GDP Globalization Gross Domestic Product Hypotheses Industrial productivity Industrial sectors Information services Information technology Innovations Internet Internet access Labor force Labor productivity Markets Measurement Opportunity costs Price indices Prices Production Production functions Productivity Quantitative analysis Services Social welfare Software Technology adoption Well being
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