Will the U.S. Productivity Resurgence Continue?
7 Pages Posted: 14 Dec 2004
U.S. productivity growth has accelerated in recent years, despite a series of negative economic shocks. An analysis of the sources of this growth over the 1995-2003 period suggests that the production and use of information technology account for a large share of the gains. The authors project that during the next decade, private sector productivity growth will continue at a rate of 2.6 percent per year, a significant increase from their 2002 projection of 2.2 percent growth.
Keywords: employment productivity, information technology
JEL Classification: O47
Suggested Citation: Suggested Citation