Computers And Productivity Growth

According to the Office of the Chief Economist of the US putz of Labor the US has the highest productiveness step-up in the mental home . In their , Generating Productivity Growth : Review of the Role of snatch of work Practices and Computers , the years from1960 to 1970 posted an average gain of 2 .9 . In 1973 onwards the productivity growth rate slowed bring 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 chivy labor productivity .

Similarly , Erik Brynjolfsson of the MT Sloan School of way and Lorin Hitt of the Wharton School of the University of Pennsylvania , find that computers have a vast positive impact on the productivity of firms Karl Whelan in his for the national 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 lineagees reelect of technological advances of both hardware and software . This development greatly improved the central functions of business in communications prime(a) watchfulness , 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 , i s a rate of advance not seen easy into exp! ansion since the 1960s...If you want to get a in wide-cut essay, order it on our website: OrderCustomPaper.com

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