How to not miss a productivity revival once again?
- Authors:
-
Publication Date:
December 18, 2020
Over the past 15 years, productivity growth in advanced economies has significantly slowed, giving rise to the productivity paradox of the New Digital Economy—that is, the notion of increased business spending on information & communications technology assets and digital services without a noticeable increase in productivity. We argue that time lags are the most important reason for the slow emergence of the productivity effects from digital transformation. This paper provides evidence that underneath the slowing productivity growth rates at the macro level, signs of structural improvements can be detected.
-
Complimentary.
