Econometrics: Economic Growth In The Information Age by Dale W. JorgensonEconometrics: Economic Growth In The Information Age by Dale W. Jorgenson

Econometrics: Economic Growth In The Information Age

byDale W. Jorgenson

Paperback | June 21, 2002

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Studies of the relation between information technology and economic growth trends.

The relentless decline in the prices of information technology (IT) has steadily enhanced the role of IT investment as a source of economic growth in the United States. Productivity growth in IT-producing industries has gradually risen in importance, and a productivity revival has taken place in the rest of the economy. In this book Dale Jorgenson shows that IT provides the foundation for the resurgence of American economic growth.

Information technology rests in turn on the development and deployment of semiconductors--transistors, storage devices, and microprocessors. The semiconductor and IT industries are global in scope, with an elaborate international division of labor. This poses important questions about the American growth resurgence. For example, where is the evidence of the "new economy" in other leading industrialized nations? To address this question, Jorgenson compares the recent growth performance in the G7 countries--Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Several important participants in the IT industries, such as South Korea, Malaysia, Singapore, and Taiwan, are newly industrializing economies. What does this portend for the future economic growth of developing countries? Jorgenson analyzes past and future growth trends in China and Taiwan to arrive at a fuller understanding of economic growth in the information age.

Title:Econometrics: Economic Growth In The Information AgeFormat:PaperbackDimensions:494 pages, 9 × 6 × 1.25 inPublished:June 21, 2002Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0262525550

ISBN - 13:9780262525558

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Editorial Reviews

The papers in this volume reconfirm Dale Jorgenson's preeminence as a master of applied economics. They are models of imaginative conceptualization, meticulous data handling, and consummate command of economic theory and econometric methods. It is truly a joy to see the tools of economic theory and of econometrics applied with such elegance, art and skill -- especially so when it it is to problems of great relevance in today's world.