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Sectoral Productivity in the United States: Recent Developments and the Role of IT

机译:美国的部门生产率:最新发展和信息技术的作用

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This paper introduces new estimates of recent productivity developments in the United States, using an appropriate theoretical framework for aggregating industry multi-factor productivity (MFP) to sectors and the total economy. Our work sheds light on the sources of the continued strong performance of US productivity since 2000. We find that the major sectoral players in the late 1990s pickup were not contributors to the more recent surge in productivity. Rather, striking gains in MFP in the finance and business service sector, a resurgence in MFP growth in the industrial sector, and an end to drops elsewhere more than account for the aggregate acceleration in productivity in recent years. Further, some evidence is found for a link between IT intensity and the recent productivity acceleration.
机译:本文使用适当的理论框架,将行业多要素生产率(MFP)汇总到各个部门和整个经济中,介绍了美国近期生产率发展的新估计。我们的工作揭示了自2000年以来美国生产力持续强劲表现的根源。我们发现,1990年代后期的主要部门参与者并不是最近生产力上升的原因。相反,金融和商业服务部门的MFP取得了惊人的增长,工业部门的MFP增长又开始复苏,而其他地方的下降也结束了,这不仅仅代表了近年来生产率的总体提升。此外,发现了一些证据表明IT强度与近期生产力的提高之间存在联系。

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