21st century progress in computing


Type
Article
Change log
Authors
Hampton, L 
Abstract

In the search for explanations for slower productivity growth since the mid-2000s in many countries, one possibility is a slower pace of progress in digital technologies. In this paper we show that the cost of computation has continued to decline rapidly, taking into account innovation in chip types and cloud computing. This is a continuation of its long-run trend; the decline has slowed since 2010, but not earlier. As firms use computational power along with other inputs including relevant human and organisational capital, to the extent that the productivity slowdown is linked to technology use the explanation is likely to lie in these other elements of the input bundle.

Description
Keywords
38 Economics, 3801 Applied Economics, 8 Decent Work and Economic Growth
Journal Title
Telecommunications Policy
Conference Name
Journal ISSN
0308-5961
Volume Title
Publisher
Elsevier BV
Sponsorship
Office For National Statistics (via National Institute For Economic & Social Research) (Unknown)
ESRC (via University of Manchester) (R125208)
Gatsby Charitable Foundation (GAT3817)