The Economics of Productivity - Harvard University

The Economics of Productivity

The International Library of Critical Writings in Economics

Series Editor: Mark Blaug

Professor Emeritus, University of London, UK Professor Emeritus, University of Buckingham, UK This series is an essential reference source for students, researchers and lecturers in economics. It presents by theme a selection of the most important articles across the entire spectrum of economics. Each volume has been prepared by a leading specialist who has written an authoritative introduction to the literature included. A full list of published and future titles in this series is printed at the end of this volume.

Wherever possible, the articles in these volumes have been reproduced as originally published using facsimile reproduction, inclusive of footnotes and pagination to facilitate ease of reference.

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The Economics of Productivity

Edited by

Dale W. Jorgenson

Samuel W. Morris University Professor Harvard University, USA

THE INTERNATIONAL LIBRARY OF CRITICAL WRITINGS IN ECONOMICS

An Elgar Reference Collection

Cheltenham, UK ? Northampton, MA, USA

? Dale W. Jorgenson 2009. For copyright of individual articles, please refer to the Acknowledgements. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior permission of the publisher. Published by Edward Elgar Publishing Limited The Lypiatts 15 Lansdown Road Cheltenham Glos GL50 2JA UK Edward Elgar Publishing, Inc. William Pratt House 9 Dewey Court Northampton Massachusetts 01060 USA

A catalogue record for this book is available from the British Library Library of Congress Control Number:

ISBN 978 1 84844 484 3 Printed and bound by MPG Books Group, UK

Contents

Acknowledgements

vii

Introduction Dale W. Jorgenson

1. Dale W. Jorgenson and Kevin J. Stiroh (2000), `Raising the Speed Limit: U.S.

Economic Growth in the Information Age', Brookings Papers on Economic

Activity', (1), 125?211, references

1

2. Stephen D. Oliner and Daniel E. Sichel (2000), `The Resurgence of Growth in

the Late 1990s: Is Information Technology the Story?', Journal of Economic

Perspectives, 14 (4), 3?22

93

3. Dale W. Jorgenson (2001), `Information Technology and the U.S. Economy',

American Economic Review, 91 (1), Fall, 1?32

113

4. Martin Neil Baily (2002), `Distinguished Lecture on Economics in Government:

The New Economy: Post Mortem or Second Wind', Journal of Economic

Perspectives, 16 (2), Spring, 3?22

145

5. Nicholas Oulton (2002), `ICT and Productivity Growth in the United Kingdom',

Oxford Review of Economic Policy, 18 (3), Autumn, 363?79

165

6. Kevin J. Stiroh (2002), `Information Technology and the U.S. Productivity

Revival: What Do the Industry Data Say?', American Economic Review, 92 (5),

December, 1559?76

182

7. Bart van Ark, Robert Inklaar and Robert H. McGuckin (2003), `ICT and

Productivity in Europe and the United States: Where Do the Differences Come

From?', CESifo Economic Studies, 49 (3), 295?318

200

8. Susanto Basu, John Fernald, Nicholas Oulton and Sylaja Srinivasan (2003),

`The Case of the Missing Productivity Growth, or Does Information Technology

Explain Why Productivity Accelerated in the United States but Not in the United

Kingdom?', in Mark Gertler and Kenneth Rogoff (eds), NBER Macroeconomics

Annual, 2003, 18, Cambridge, MA and London: MIT Press, 9?63

224

9. Bart van Ark and Marcin Piatkowski (2004), `Productivity, Innovation and ICT

in Old and New Europe', International Economics and Economic Policy,

1 (2?3), 215?46

279

10. Dale W. Jorgenson (2005), `Information Technology and the G7 Economies',

Rivista di Politica Economica, 95 (1?2), January?February, 25?56

311

11. Robert Inklaar, Mary O'Mahony and Marcel Timmer (2005), `ICT and Europe's

Productivity Performance: Industry-Level Growth Account Comparisons with

the United States', Review of Income and Wealth, 51 (4), December, 505?36

343

12. Marcel P. Timmer and Bart van Ark (2005), `Does Information and

Communication Technology Drive EU?US Productivity Growth Differentials?',

Oxford Economic Papers, 57 (4), October, 693?716

375

vi

The Economics of Productivity

13. Dale W. Jorgenson and Kazuyuki Motohashi (2005), `Information Technology

and the Japanese Economy', Journal of the Japanese and International

Economies, 19 (4), December, 460?81

399

14. Dale W. Jorgenson and Koji Nomura (2005), `The Industry Origins of Japanese

Economic Growth', Journal of the Japanese and International Economies,

19 (4), December, 482?542

421

15. Dale W. Jorgenson and Khuong Vu (2007), `Information Technology and the

World Growth Resurgence', German Economic Review, 8 (2), May, 125?45

482

16. Robert Inklaar and Marcel P. Timmer (2007), `Of Yeast and Mushrooms:

Patterns of Industry-Level Productivity Growth', German Economic Review,

8 (2), May, 174?87

503

17. Robert Inklaar, Marcel P. Timmer and Bart van Ark (2007), `Mind the Gap!

International Comparisons of Productivity in Services and Goods Production',

German Economic Review, 8 (2), May, 281?307

517

18. Dale W. Jorgenson, Mun S. Ho, Jon D. Samuels and Kevin J. Stiroh (2007),

`Industry Origins of the American Productivity Resurgence', Economic Systems

Research, 19 (3), September, 229?52

544

19. Dale W. Jorgenson and Koji Nomura (2007), `The Industry Origins of the US?

Japan Productivity Gap', Economic Systems Research, 19 (3), September,

315?41

568

20. Stephen D. Oliner, Daniel E. Sichel and Kevin J. Stiroh (2007), `Explaining a

Productive Decade', Brookings Economic Papers, 38 (1), August, 1?55

595

21. Robert Inklaar, Marcel P. Timmer and Bart van Ark (2008), `Market Services

Productivity across Europe and the U.S.', Economic Policy, 23 (53), January,

141?94

650

22. Dale W. Jorgenson, Mun S. Ho and Kevin J. Stiroh (2008), `A Retrospective

Look at the U.S. Productivity Growth Resurgence', Journal of Economic

Perspectives, 22 (1), Winter, 3?24

704

23. Bart van Ark, Mary O' Mahony and Marcel P. Timmer (2008), `The Productivity

Gap between Europe and the United States: Trends and Causes', Journal of

Economic Perspectives, 22 (1), Winter, 25?44

726

Name Index

747

Acknowledgements

The editor and publishers wish to thank the authors and the following publishers who have kindly given permission for the use of copyright material.

American Economic Association for articles: Dale W. Jorgenson (2001), `Information Technology and the U.S. Economy', American Economic Review, 91 (1), Fall, 1?32; Martin Neil Baily (2002), `Distinguished Lecture on Economics in Government: The New Economy: Post Mortem or Second Wind', Journal of Economic Perspectives, 16 (2), Spring, 3?22; Kevin J. Stiroh (2002), `Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say?', American Economic Review, 92 (5), December, 1559?76; Dale W. Jorgenson, Mun S. Ho and Kevin J. Stiroh (2008), `A Retrospective Look at the U.S. Productivity Growth Resurgence', Journal of Economic Perspectives, 22 (1), Winter, 3?24; Bart van Ark, Mary O' Mahony and Marcel P. Timmer (2008), `The Productivity Gap between Europe and the United States: Trends and Causes', Journal of Economic Perspectives, 22 (1), Winter, 25?44.

Brookings Institution for articles: Dale W. Jorgenson and Kevin J. Stiroh (2000), `Raising the Speed Limit: U.S. Economic Growth in the Information Age', Brookings Papers on Economic Activity', (1), 125?211 references; Stephen D. Oliner, Daniel E. Sichel and Kevin J. Stiroh (2007), `Explaining a Productive Decade', Brookings Economic Papers, 38 (1), August, 1?55.

Blackwell Publishing Ltd for articles: Dale W. Jorgenson and Khuong Vu (2007), `Information Technology and the World Growth Resurgence', German Economic Review, 8 (2), May, 125?45; Robert Inklaar and Marcel P. Timmer (2007), `Of Yeast and Mushrooms: Patterns of Industry-Level Productivity Growth', German Economic Review, 8 (2), May, 174?87; Robert Inklaar, Marcel P. Timmer and Bart van Ark (2007), `Mind the Gap! International Comparisons of Productivity in Services and Goods Production', German Economic Review, 8 (2), May, 281?307; Robert Inklaar, Marcel P. Timmer and Bart van Ark (2008), `Market Services Productivity across Europe and the U.S.', Economic Policy, 23 (53), January, 141?94.

Elsevier for articles: Dale W. Jorgenson and Kazuyuki Motohashi (2005), `Information Technology and the Japanese Economy', Journal of the Japanese and International Economies, 19 (4), December, 460?81; Dale W. Jorgenson and Koji Nomura (2005), `The Industry Origins of Japanese Economic Growth', Journal of the Japanese and International Economies, 19 (4), December, 482?542.

Licosa for article: Dale W. Jorgenson (2005), `Information Technology and the G7 Economies', Rivista di Politica Economica, 95 (1?2), January?February, 25?56.

viii

The Economics of Productivity

MIT Press for excerpt: Susanto Basu, John Fernald, Nicholas Oulton and Sylaja Srinivasan (2003), `The Case of the Missing Productivity Growth, or Does Information Technology Explain Why Productivity Accelerated in the United States but Not in the United Kingdom?', in Mark Gertler and Kenneth Rogoff (eds), NBER Macroeconomics Annual, 2003, 18, 9?63.

Oxford University Press for articles: Nicholas Oulton (2002), `ICT and Productivity Growth in the United Kingdom', Oxford Review of Economic Policy, 18 (3), Autumn, 363?79; Bart van Ark, Robert Inklaar and Robert H. McGuckin (2003), `ICT and Productivity in Europe and the United States: Where Do the Differences Come From?', CESifo Economic Studies, 49 (3), 295?318; Marcel P. Timmer and Bart van Ark (2005), `Does Information and Communication Technology Drive EU?US Productivity Growth Differentials?', Oxford Economic Papers, 57 (4), October, 693?716.

Springer Science and Business Media for article: Bart van Ark and Marcin Piatkowski (2004), `Productivity, Innovation and ICT in Old and New Europe', International Economics and Economic Policy, 1 (2?3), 215?46.

Taylor and Francis Ltd () for articles: Dale W. Jorgenson, Mun S. Ho, Jon D. Samuels and Kevin J. Stiroh (2007), `Industry Origins of the American Productivity Resurgence', Economic Systems Research, 19 (3), September, 229?52; Dale W. Jorgenson and Koji Nomura (2007), `The Industry Origins of the US?Japan Productivity Gap', Economic Systems Research, 19 (3), September, 315?41.

Every effort has been made to trace all the copyright holders but if any have been inadvertently overlooked the publishers will be pleased to make the necessary arrangement at the first opportunity.

In addition the publishers wish to thank the Library of Indiana University at Bloomington, USA, for their assistance in obtaining these articles.

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