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Hot
Paper in Economics & Business |
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"The resurgence of growth
in the late 1990s: Is information technology the story?"
by Stephen D. Oliner and Daniel E. Sichel, Journal of Economic
Perspectives, 14(4):3-22, Fall 2000.
[Authors' affiliation: Federal
Reserve Board, Washington, DC.]
Abstract: "The
performance of the U.S. economy over the past several years has
been remarkable, including a rebound in labor productivity growth
after nearly a quarter century of sluggish gains. To assess the
role of information technology in the recent rebound, this paper
re-examines the growth contribution of computers and related
inputs with the same neoclassical framework that we have used in
earlier work. Our results indicate that the contribution to
productivity growth from the use of information
technology--including computer hardware, software, and
communication equipment--surged in the second half of the 1990s.
In addition, technological advance in the production of
computers appears to have contributed importantly to the speed-up
in productivity growth. All in all, we estimate that the use
of information technology and the production of computers
accounted for about two-thirds of the 1 percentage point step-up
in productivity growth between the first and second halves of the
decade. Thus, to answer the question posed in the title of this
paper, information technology largely is the story."
This 2000 report from the Journal
of Economic Perspectives was cited 9 times in
current journal articles indexed by ISI during May-June 2002. No
other paper published in the last two years in the category of
Economics & Business attracted as many citations during that
two-month period. Prior to the most recent bimonthly count,
citations to the paper have accrued as follows:
January-February 2002: 1
citation
November-December 2001: 3
September-October 2001: 2
July-August 2001: 1
May-June 2001: 2
March-April 2001: 2
Total citations to date: 20
SOURCE: Hot
Papers Database (Included with a subscription to the ISI print
newsletter Science
Watch®, available from the ISI
Research Services Group. Packaged on a CD-ROM that is mailed
with each Science
Watch issue, the Hot
Papers Database contains data on hundreds of highly cited
papers published during the last two years. User interface permits
searching by author, organization, journal, field, and more. Total
citations, as well as citations accrued during successive
bimonthly periods, can be assessed and graphed. An updated CD
containing the most recent bimonthly data is mailed with every new
issue of Science
Watch, six times a year. The CD also includes
an electronic version of the Science
Watch issue in HTML format, for personal
desktop access.)
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