Foreword / Dennis McGinn -- Laying the Groundwork -- An Introduction to the Information Economy -- Information Technology and the Information Economy: A Techno-Economic Paradigm -- Innovation and a Techno-Economic Paradigm -- A New Economy -- Free Trade, Globalization, and Information Technology in the New Economy -- A Closer Look at Information Technology and the Information Age -- What Is Information Technology? -- Corporate Creators of Information Technology -- Comments on Economic Repercussions -- An Industry Description -- Aggregate Industry Sectors -- Productivity and Production Theory -- Does Labor Productivity Explain Everything?: A Closer Look at Total Factor Productivity -- Technological Change (Embodied and Disembodied Approaches) -- Econometric Measurement of Technological Change -- The Production Function -- Some Past Concerns Regarding U.S. Productivity -- Applications in Productivity Analysis -- Why Productivity Now? -- Pertinent Questions in Analyzing Information Technology -- Difficulties in Estimating Productivity -- Addressing the Difficulties -- Comments on Profitability -- A Closing Note on the Empirical Analysis -- Empirical Studies on Productivity and Information Technology Investment at the Firm Level -- Three Benchmark Studies of the Past -- A More Recent Firm-Level Analysis -- Comparing Empirical Results -- A Brief Word on Production Functions and Factor Substitution -- Theoretical Background of and Empirical Work Regarding Information Technology and Corporate Profits
Summary
Annotation Explores, measures, and analyzes the ways in which information technology enhances corporate performance and that of the economy as a whole
Bibliography
Includes bibliographical references (pages 225-230) and index
