1. Pub: Journal of Economic Perspectives: Fall 200
The Resurgence of Growth in the Late 1990’s: Is Information Technology the Story?
By Stephen D. Oliver
And Daniel P. Sichel
Pub: Journal of Economic Perspectives: Fall 200

2. Statistics Taken From:
Bureau of Economic Analysis
Bureau of Labor Statistics
National Income and Product Accts.
Consumer Price Index

3. Growth Calculated by 5 Inputs:
Computer hardware
Computer software
Communications equipment
Capital
Labor hours

8. How Information Technology Is Used
Offline Companies
-- automated
-- less paperwork
-- less waste
-- tighter inventory ctrl.
Online Companies
-- created
-- niche markets
-- low overhead

9. American Businesses Output / Labor Hr.
2-1/2% (doubled in last 25 years)
Gross domestic Product
4% / yr over
Investments in IT increased
4-fold over