The Case of the Missing Productivity Growth: Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?

Basu, Susanto; Fernald, John G.; Oulton, Nicholas; Srinivasan, Sylaja

doi:10.3386/w10010

Cited by 54 publications

(52 citation statements)

References 22 publications

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“…Recent evidence indicates that productivity growth in the United States has been generated largely by advances in technology (Basu et al, 2001;Basu, et al, 2003). Technological improvements largely have been driven by the rate of innovation, which has been increasing in recent years as measured by the rapidly growing number of patents awarded to US industries and universities (Hall, 2004;Kortum, 1997).…”

Section: Introductionmentioning

confidence: 99%

The Contribution Of Skilled Immigration And International Graduate Students To U.S. Innovation

Chellaraj

Maskus²,

Mattoo

2005

Policy Research Working Papers

103

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The impact of international students and skilled immigration in the United States on innovative activity is estimated using a model of idea generation. In the main specification a system of three equations is estimated, where dependent variables are total patent applications, patents awarded to U.S. universities, and patents awarded to other U.S. entities, each scaled by the domestic labor force. Results indicate that both international graduate students and skilled immigrants have a significant and positive impact on future patent applications as well as future patents awarded to university and non-university institutions. Our central estimates suggest that a ten-percent increase in the number of foreign graduate students would raise patent applications by 3.3 percent, university patent grants by 6.0 percent and non-university patent grants by 4.0 percent. However, enrollments of US graduate students have no detectable effect. There is evidence that bureaucratic hurdles in obtaining student visas are impediments to innovation and may reduce innovation by more than it is increased by the Bayh-Dole Act.

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Section: Introductionmentioning

confidence: 99%

The Contribution Of Skilled Immigration And International Graduate Students To U.S. Innovation

Chellaraj

Maskus²,

Mattoo

2005

Policy Research Working Papers

103

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“…We also discuss how our modeling structure relates to Basu et al (2003), who also consider a formal model of productivity dynamics when there is complementarity between IT and organization.…”

Section: Models Of Adjusting Management Practicesmentioning

confidence: 99%

“…22 20 In Appendix B of Bloom, Sadun, and Van Reenen (2007) we show how IT adjustment costs could help rationalize these TFP dynamics. See also Basu et al (2003). 21 The new US Longitudinal Business Database includes services but does not have information on IT or non-IT investment (see Davis et al 2006).…”

Section: Establishment-level Panel Data From the Uk Censusmentioning

confidence: 99%

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Americans Do I.T. Better: US Multinationals and the Productivity Miracle

Bloom¹,

Sadun²,

Reenen³

2007

120

118

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The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that intensively use information technologies (IT). This has not occurred in Europe. If the US "productivity miracle" is due to a natural advantage of being located in the US then we would not expect to see any evidence of it for US establishments located abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non-US multinationals in the UK, and this is primarily due to the higher productivity of their IT. Furthermore, establishments that are taken over by US multinationals increase the productivity of their IT, whereas observationally identical establishments taken over by non-US multinationals do not. One explanation for these patterns is that US firms are organized in a way that allows them to use new technologies more efficiently. A model of endogenously chosen organizational form and IT is developed to explain these new micro and macro findings.

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“…This somewhat unconventional result might be explained by the high reliance of the service sector on the quality of the labour input and quality being hard to measure, whereas it is relatively easier to measure the quantitative work improvements brought in by computerisation. In contrast to Wolf (1999), Basu et al (2003) suggest that lower and ICT. Stiroh (2002) uses the DID estimator to account for the productivity differentials between ICT-using firms and non ICT-using firms.…”

Section: Ict and Productivitymentioning

confidence: 96%

Enhancing Productivity: The Role of Management Practices

et al. 2008

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There is no doubt that management practices are linked to the productivity and performance of a company. However, research findings are mixed. This paper provides a multi-disciplinary review of the current evidence of such a relationship and offers suggestions for further exploration. We provide an extensive review of the literature in terms of research findings from studies that have been trying to measure and understand the impact that individual management practices and clusters of management practices have on productivity at different levels of analysis. We focus our review on Operations Management (OM) and Human Resource Management (HRM) practices as well as joint applications of these practices. In conclusion, we can say that taken as a whole, the research findings are equivocal. Some studies have found a positive relationship between the adoption of management practices and productivity, some negative and some no association whatsoever. We believe that the lack of universal consensus on the effect of the adoption of complementary management practices might be driven either by measurement issues or by the level of analysis. Consequently, there is a need for further research. In particular, for a multi-level approach from the lowest possible level of aggregation up to the firm-level of analysis in order to assess the impact of management practices upon the productivity of firms.

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The Case of the Missing Productivity Growth: Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?

Cited by 54 publications

References 22 publications

The Contribution Of Skilled Immigration And International Graduate Students To U.S. Innovation

The Contribution Of Skilled Immigration And International Graduate Students To U.S. Innovation

Americans Do I.T. Better: US Multinationals and the Productivity Miracle

Enhancing Productivity: The Role of Management Practices

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