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The 1990s Economy
futureofcapitalism.com

Under the headline "The Story of the 1990s Economy," a commentary from the think tank Economic Policies for the 21st Century attributes the growth in the late 1990s to faster computers:

what explains the productivity surge and the sharp rise in economic growth during the late 1990s? In a 2007 paper, a team of economists lead by Harvard's Dale Jorgenson found the economic expansion was driven by efficiency increases in the production of IT, including computers, software and telecommunications components. Improvements in IT production "resulted in higher rates of decline in IT prices, stimulating decisions by firms, households, and governments to invest in IT equipment and software."

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The 1990s Economy
futureofcapitalism.com

Under the headline "The Story of the 1990s Economy," a commentary from the think tank Economic Policies for the 21st Century attributes the growth in the late 1990s to faster computers:

what explains the productivity surge and the sharp rise in economic growth during the late 1990s? In a 2007 paper, a team of economists lead by Harvard's Dale Jorgenson found the economic expansion was driven by efficiency increases in the production of IT, including computers, software and telecommunications components. Improvements in IT production "resulted in higher rates of decline in IT prices, stimulating decisions by firms, households, and governments to invest in IT equipment and software."

Read More...


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Joel Harris

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