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Information technology (IT) productivity paradox in the 21st century

机译:21世纪信息技术(IT)生产率悖论

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Purpose - Since the 1970s productivity growth in most economies slowed, while information and communication technology expenditures increased: the "information technology (IT) productivity paradox." Some researchers reported an end to the paradox, but this is most likely due to IT industry growth approaching the Year 2000 phenomenon. The purpose of this paper is to update IT productivity paradox research. Design/methodology/approach - For comparability this research replicates methods employed by previous studies but employs a two-level approach: first macroeconomic indicators; second labor and multi-factor productivity. Findings - Findings suggest IT investment has high positive correlation with gross domestic product growth, but not labor or multi-factor productivity. This ambiguity suggests the paradox is still poorly understood. Research limitations/implications - The findings are not conclusive; the authors cannot confirm or reject the existence of the productivity paradox. The global recession and banking crisis makes it prudent to wait until recovery before analyzing data from that period. Practical implications - Lack of convincing evidence supporting positive effects from IT investment suggests some firms benefit from IT investment, but not others, and that IT investment has questionable returns. Social implications - Firm level studies might find IT investment benefits some firms, but lack of convincing macroeconomic level evidence of positive effects of IT investment suggests the paradox still exists. Originality/value - This research updates the IT productivity paradox demonstrating the phenomenon is still poorly understood and thus worthy of further study, questioning the benefits of IT investment for industry and national economies.
机译:目的-自1970年代以来,大多数经济体的生产率增长放缓,而信息和通信技术支出却增加了:“信息技术(IT)生产率悖论”。一些研究人员报告了这一悖论的终结,但这很可能是由于IT行业的增长接近2000年现象。本文的目的是更新IT生产率悖论研究。设计/方法/方法-为了可比性,该研究重复了以前研究中采用的方法,但采用了两个层次的方法:第一,宏观经济指标;第二,宏观经济指标。第二劳动和多要素生产率。调查结果-调查结果表明,IT投资与国内生产总值的增长呈高度正相关,但与劳动力或多要素生产率没有正相关。这种含糊不清的现象表明对这一悖论的理解仍然很少。研究局限性/含义-研究结果尚不确定。作者不能确认或拒绝生产力悖论的存在。全球经济衰退和银行业危机使人们必须谨慎,等到复苏之后再分析该时期的数据。实际意义-缺乏令人信服的证据来支持IT投资的积极作用,这表明一些公司从IT投资中受益,而其他公司则没有,而且IT投资的回报率可疑。社会意义-公司层面的研究可能会发现IT投资使某些公司受益,但缺乏令人信服的宏观经济层面的IT投资正面效应的证据表明,这一悖论仍然存在。原创性/价值-这项研究更新了IT生产率悖论,表明该现象仍然知之甚少,因此值得进一步研究,质疑IT投资对行业和国民经济的好处。

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