Investing in Information Technology: Productivity Payoffs for U.S. Industries

6 Pages Posted: 12 Apr 2005

See all articles by Kevin J. Stiroh

Kevin J. Stiroh

Federal Reserve Bank of New York

Abstract

Although firms have invested billions of dollars in information technology to boost their productivity, many analysts continue to question whether these investments do in fact lead to productivity gains. An industry-level analysis of productivity performance provides robust evidence of a link, showing that the industries experiencing the largest productivity acceleration in the late 1990s were the producers and most intensive users of information technology.

Keywords: productivity, information technology

JEL Classification: O4

Suggested Citation

Stiroh, Kevin J., Investing in Information Technology: Productivity Payoffs for U.S. Industries. Current Issues in Economics and Finance, Vol. 7, No. 6, June 2001. Available at SSRN: https://ssrn.com/abstract=702573

Kevin J. Stiroh (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
(212) 720-6633 (Phone)
(212) 720-8363 (Fax)

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