%0 Report
        %A Acemoglu, Daron
%A Autor, David
%A Dorn, David
%A Hanson, Gordon H.
%A Price, Brendan
        %T Return of the Solow Paradox? IT, Productivity, and Employment in U.S. Manufacturing
        %D 2014
        %8 2014 Jan
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7906
        %U https://www.iza.org/publications/dp7906
        %X An increasingly influential "technological-discontinuity" paradigm suggests that IT-induced technological changes are rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT-intensive industries depending on the exact measures, though not since the late 1990s. Most challenging to this paradigm, and our expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases, when detectable, result from the even faster declines in employment.
        %K Solow paradox
%K employment
%K IT capital
%K productivity