The productivity slowdown is even more puzzling than you think
By: David Byrne, Dan Sichel – Federal Reserve Board, Wellesley College
The impact of the digital economy
Betancourt analyses the impact of digital economy on the service sector and finds that productivity improvements in these sectors have come due to the digital economy improvements in the provision of distribution services. Given that these innovations have been taking place for the last twenty five years their future impact on growth can only be limited.
Distribution Services and the Digital Economy: Implications for GDP Measurement, Productivity and Household Welfare
Author: Roger R. Betancourt
From: University of Maryland
How does free information found in the internet affect GDP or total factor productivity? In their paper Nakamura and al. recalculate productivity growth when “free” information is included as both final expenditures and business inputs. They find that the impact of “free” information both on GDP and factor productivity is minimal.
Bartering for ‘Free’ Information: Implications for Measured GDP and Productivity
Authors: Leonard Nakamura, Jon Samuels and Rachel Soloveichik
From: Federal Reserve Bank of Philadelphia – U.S. Bureau of Economic Analysis
A new approach to measuring productivity
Decomposing Value Added Growth into Explanatory Factors
Authors: W. Erwin Diewert, Kevin Fox
From:University of British Columbia – UNSW Australia
