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Cited by 1,441

The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.

Computing Productivity: Firm-Level Evidence

Brynjolfsson, Erik, Hitt, Lorin M.·2003·Review of Economics and Statistics
DOI 10.1162/003465303772815736
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Abstract

We explore the effect of computerization on productivity and output growth using data from 527 large U.S. firms over 1987–1994. We find that computerization makes a contribution to measured productivity and output growth in the short term (using 1-year differences) that is consistent with normal returns to computer investments. However, the productivity and output contributions associated with computerization are up to 5 times greater over long periods (using 5- to 7-year differences). The results suggest that the observed contribution of computerization is accompanied by relatively large and time-consuming investments in complementary inputs, such as organizational capital, that may be omitted in conventional calculations of productivity. The large long-run contribution of computers and their associated complements that we uncover may partially explain the subsequent investment surge in computers in the late 1990s.

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Metadata

Authors
Brynjolfsson, E., & Hitt, L. M.
Venue
Review of Economics and Statistics
Publisher
MIT Press
Published
2003-11
Volume
85
Issue
4
Pages
793-808
ISSN
  • 0034-6535 (ISSN-L)
  • 1530-9142
DOI
10.1162/003465303772815736
OpenAlex
W3121262326
Cited by
1,441
References
5
FWCI
91.47
Type
journal article
Language
en
Open access
closed

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