The 1990s Acceleration in Labor Productivity: Causes and Measurement
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Principal Investigator(s): Anderson, Richard G.; Kliesen, Kevin L.
Summary: The acceleration of labor productivity growth that began during the mid-1990s is the defining economic event of the past decade. A consensus has arisen among economists that the acceleration was caused by technological innovations that decreased the quality-adjusted prices of semiconductors and related information and communications technology (ICT) products, including digital computers. In sharp contrast to the previous 20 years, services-producing sectors heavy users of ICT products-led... (view full summary)
Persistent URL: http://dx.doi.org/10.3886/ICPSR01335.v1
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