Productivity & Technology
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- Tarnished New Economy Loses More Luster
NYT, AUG 30, 2001; By JEFF MADRICK
also published as
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
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
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
productivity growth--first in the U.S., with the rest of the world soon to
"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.
Barr, Richard, et al.,
Evaluating the Productive Efficiency and Performance of US Commercial
Banks, FedResBk of Dallas, Dec. 1999
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.
IT and the Productivity Paradox  The Empirical Studies;
Explanations for the Paradox;
Willcocks, Leslie P and Stephanie Lester, Beyond the IT Productivity
Paradox. Chichester: Wiley 1999.
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