Productivity: Will the Faster Growth Rate Continue? (CRS Report for Congress)
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| Release Date |
Revised Oct. 5, 2007 |
| Report Number |
RL32456 |
| Report Type |
Report |
| Authors |
Brian W. Cashell, Government and Finance Division |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
The recent pickup in productivity is at least in part attributable to the rapid rateof decline in the prices of computers and other IT equipment. An important factorin those price declines has been innovation in the manufacture of microprocessors.As computer prices have fallen, their use has become much more widespread.Because of falling prices it has become profitable to put computers to uses withsmaller and smaller returns. There is also the prospect that it may take firms aconsiderable amount of time to adapt the way they do business to take advantage oftheir investments in IT equipment. As was the case with other historic technologicaladvances, the productivity gains attributable to investments in IT equipment mayripple through the economy for some time.
