Supporting  &   Related   Pages:

• High Tech Industries and Development
• Software Industry

Definition

Internet Sites: 

• Quarterly Labor Productivity (BLS)
• Productivity Study for Washington State || [LMI/LMEA]

Clippings:

• Tarnished New Economy Loses More Luster NYT, AUG 30, 2001; By JEFF MADRICK also published as "Revisions cast doubt on 'New Economy', in Seattle PI, September 3, 2001 (E1) The overly romantic faith in a new economy has already done plenty of damage. Just ask all those investors in Nasdaq stocks. But recent revisions to the productivity data reported by the Bureau of Labor Statistics show how thin the new- economy thinking has been all along.

• Productivity surge: It's the Internet, stupid; Seattle Times, July 1, 1999 by Leslie Helm, Los Angeles Times

  .. technology has been winning increasing credit for its role in the current economic boom, ...
  By tying hundreds of millions of computers together into a common network, the Internet has turbocharged the U.S. economy and is helping to generate long-elusive improvements in productivity, ...
  A close look at how companies are using the Internet to save billions of dollars in distribution and transaction costs reveals a global productivity revolution in the making. From online self-service systems for employees and customers to direct sales to remote management of far-flung facilities, the Internet is changing the way business is done.

• The Internet Economy: the World's Next Growth Engine The U.S. boom is only the start of a global surge [Business Week Oct 4, 1999; COVER STORY -- THE INTERNET AGE -- BUSINESS

  We have entered the Age of the Internet, a globe-spanning technology that has taken hold amazingly quickly. Just as data flows across the Net in easily digestible packets, knowledge, in the broadest sense, can now be easily tapped and exchanged by people in every corner of the earth. The result: an explosion of economic and productivity growth--first in the U.S., with the rest of the world soon to follow.

• "The Productivity Paradox" Seattle Times, April 5, 1998.

  productivity gains actually have been declining over the past 25 years. Worker productivity growth fell from the postwar average of 3.4 percent a year to 1.2 percent a year from 1979-94. When something called multifactor productivity is measured - it includes several factors including spending on technology - the increase slows to 0.3 percent from 1973-94 compared with 2.2 percent over the preceding 25 years.

Literature:

Barr, Richard, et al., Evaluating the Productive Efficiency and Performance of US Commercial Banks, FedResBk of Dallas, Dec. 1999 http://www.dallasfed.org/htm/pubs/pdfs/fispaper/wp99-3.pdf

Levin, Benjamin, STUDENTS AND EDUCATIONAL PRODUCTIVITY Education Policy Analysis Archives, Volume 1 Number 5 May 4, 1993, [Author: University of Manitoba]

Litan, Robert E. and Alice M. Rivlin. Beyond the Dot.coms: The Economic Promise of the Internet. Internet Policy Institute: Brookings Institution Press, Washington D.C. 2001. [HE7583 U6 L58 2001/Suzz]

Lucas, Henry C., Information Technology and the Productivity Paradox: Assessing the Value of Investing in IT. NY: Oxford University Press 1999.

NSF Report, IT and the Productivity Paradox [1998] The Empirical Studies; Explanations for the Paradox; Institutional Lags

Willcocks, Leslie P and Stephanie Lester, Beyond the IT Productivity Paradox. Chichester: Wiley 1999.