Enhancing Productivity Growth in the Information Age: Measuring and Sustaining the New EconomyStarting in the mid 1990s, the United States economy experienced an unprecedented upsurge in economic productivity. Rapid technological change in communications, computing, and information management continue to promise further gains in productivity, a phenomenon often referred to as the New Economy. To better understand this phenomenon, the National Academies Board on Science, Technology, and Economic Policy (STEP) initiated a project to better measure the contributions of different elements of the “new economy” (semiconductors, computers, software, and telecommunications) and to develop policies to meet the needs of these growth-enhancing industries. Accompanied by four workshop reports, this summary volume describes the steps required to better measure and sustain the benefits of this “new economy” in the sectors examined. |
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acceleration advances Aizcorbe broadband broadband gap Bureau of Economic capital Charles W chip communications equipment communications technologies companies competition computer component conference cost Cyclicality in Semiconductors Dale Jorgenson Deconstructing the Computer economic growth Economist engineering estimates European Semiconductor Industry faster firms foundry model Future global Gordon Grid computing Growth Resurgence impact Implications improvements information technology infrastructure innovation Institute integrated circuits International Internet Internet Protocol IT-producing industries Jorgenson and Charles Kenneth Flamm Kevin manufacturing Measuring and Sustaining Moore's Law National Academies Press national accounts National Research Council needed noted offshoring outsourcing own-account software percent prepackaged price decline Productivity and Cyclicality productivity growth Program Purpose Technologies quality-adjusted Raduchel rapid sectors SEMATECH Semiconductor Industry Association Semiconductor Price Statistics Stiroh Technology Roadmap telecom Telecommunications Challenge tion Trends Triplett U.S. Economy U.S. Productivity United VoIP Washington Wessner