Show simple item record Whelan, Karl 2008-06-13T15:31:29Z 2008-06-13T15:31:29Z 2000-01-05
dc.description.abstract This paper examines the role that computers have played in boosting U.S. economic growth in recent years. The paper focuses on two effects - the effect of increased productivity in the computer-producing sector and the effect of investments in computing equipment on the productivity of those who use them - and concludes that together they account for almost all of the recent acceleration in U.S. labor productivity. In calculating the computer-usage effect, standard NIPA measures of the capital stock are inappropriate for growth accounting because they do not account for technological obsolescence; this occurs when a machine that is still productive is retired because it is no longer near the technological frontier. Using a theoretical framework that explicitly accounts for technological obsolescence, alternative estimates of the computer capital stock are developed that imply larger effects on growth of computer capital accumulation than are suggested by the NIPA stocks. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Federal Reserve en
dc.relation.ispartofseries Finance and Economics Discussion Series en
dc.relation.ispartofseries No. 2000-06 en
dc.relation.hasversion Whelan, K. (2002) 'Computers, obsolescence, and productivity'. Review of Economics and Statistics, 84 (3): 445-461 en
dc.subject.classification O40 en
dc.subject.classification O33 en
dc.subject.lcsh Computers--Economic aspects en
dc.subject.lcsh Industrial productivity--United States en
dc.subject.lcsh Depreciation en
dc.title Computers, obsolescence, and productivity en
dc.type Working Paper en
dc.internal.authorurl Karl Whelan (web page) en
dc.internal.authorurl en
dc.internal.authorcontactother Email:; Tel: 353 1 716 8239 en
dc.internal.authorid UCD0026 en
dc.internal.availability Full text available en
dc.internal.webversions en
dc.status Not peer reviewed en
dc.identifier.doi 10.2139/ssrn.220289
dc.neeo.contributor Whelan|Karl|aut|UCD0026

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