Computing Productivity: Firm-Level Evidence
| dc.contributor.author | Brynjolfsson, Erik | |
| dc.contributor.author | Hitt, Lorin M | |
| dc.date | 2023-05-17T14:46:40.000 | |
| dc.date.accessioned | 2023-05-23T00:16:19Z | |
| dc.date.available | 2023-05-23T00:16:19Z | |
| dc.date.issued | 2003-11-01 | |
| dc.date.submitted | 2016-06-23T12:17:48-07:00 | |
| dc.description.abstract | We explore the effect of computerization on productivity and output growth using data from 527 large U.S. firms over 1987–1994. We find that computerization makes a contribution to measured productivity and output growth in the short term (using 1-year differences) that is consistent with normal returns to computer investments. However, the productivity and output contributions associated with computerization are up to 5 times greater over long periods (using 5- to 7-year differences). The results suggest that the observed contribution of computerization is accompanied by relatively large and time-consuming investments in complementary inputs, such as organizational capital, that may be omitted in conventional calculations of productivity. The large long-run contribution of computers and their associated complements that we uncover may partially explain the subsequent investment surge in computers in the late 1990s. | |
| dc.identifier.uri | https://repository.upenn.edu/handle/20.500.14332/42183 | |
| dc.legacy.articleid | 1040 | |
| dc.legacy.fields | 10.1162/003465303772815736 | |
| dc.legacy.fulltexturl | https://repository.upenn.edu/cgi/viewcontent.cgi?article=1040&context=oid_papers&unstamped=1 | |
| dc.source.beginpage | 793 | |
| dc.source.endpage | 808 | |
| dc.source.issue | 267 | |
| dc.source.issue | 4 | |
| dc.source.journal | Operations, Information and Decisions Papers | |
| dc.source.peerreviewed | true | |
| dc.source.status | published | |
| dc.source.volume | 85 | |
| dc.subject.other | Databases and Information Systems | |
| dc.subject.other | Other Computer Sciences | |
| dc.title | Computing Productivity: Firm-Level Evidence | |
| dc.type | Article | |
| digcom.contributor.author | Brynjolfsson, Erik | |
| digcom.contributor.author | Hitt, Lorin M | |
| digcom.identifier | oid_papers/267 | |
| digcom.identifier.contextkey | 8767722 | |
| digcom.identifier.submissionpath | oid_papers/267 | |
| digcom.type | article | |
| dspace.entity.type | Publication | |
| upenn.schoolDepartmentCenter | Operations, Information and Decisions Papers |
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