Computers And Productivity Growth

According to the Office of the Chief Economist of the US incision of Labor the US has the highest productiveness step-up in the innovation . In their , Generating Productivity Growth : Review of the Role of piece of work Practices and Computers , the years from1960 to 1970 posted an average growth of 2 .9 . In 1973 onwards the productivity growth rate slowed down nonwithstanding remained at 1 .1 . In a study do in 1996 by economists Sandra Black and Lisa Lynch , they listed computers coming in 4th with a 5 .45 share in the factors that chevy labor productivity .

Similarly , Erik Brynjolfsson of the MT Sloan School of steering and Lorin Hitt of the Wharton School of the University of Pennsylvania , find that computers have a gigantic positive impact on the productivity of firms Karl Whelan in his for the federal Reserve finds investment in computer equipment and technology together with the high use of them are factors that have sped up the growth of labor productivity . From 1992 to 1998 computer prices went down and this made businesses return of technological advances of both hardware and software . This development greatly improved the central functions of business in communications prime(a) management , inventory control and faster coordination through the mesh . The US economy showed an impressive performance in productivity with a 2 .2 growth in 1996 to 1998 in the clannish business sector which , for Whelan , is a rate of advance not seen late into expansion since the 1960s...If you want to get a in full essay, order it on our website: Ordercustompaper.com

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