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Impacts of Information Technology on the US Economy. in the Perspective of Productivty and Linkages

Формат:      Страниц 328
     мягкая обложка
Seok-Hyeon K.    
Книга по Требованию    
3215 руб
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The progress of the US economy in that time was not a simple piece of a macroeconomic business cycle, but was accompanied by industrial dynamics led by IT. Thanks to the latter aspect, the US economy presented a remarkable rate of economic growth without inflation. Inter- industry IO analysis shows the chain reactions of a productivity gain throughout industries by tracing the flow of intermediate inputs: forward linkages initiated by a supplying industry and backward linkages induced by a demanding industry. Drawing on the IO toolkit, this monograph successfully reveals the industrial sources and inter-industry conveyor belts underlying the splendid productivity growth of the US economy around the 1990s. Innovations driven by IT created a numerous number of new businesses, while keeping manufacturing costs even lower not only in the IT sector but also in IT-using sectors. This monograph is probably one of the most laborious efforts to depict the dynamic reconfiguration of the US economy around the 1990s. This trickling- down effect of productivity gains is best captured by inter-industry input-output (IO) analysis.
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