Technology, Productivity, and Economic Growth

by Susanto Basu (Editor), Lucy Eldridge (Editor), John Haltiwanger (Editor), Erich Strassner (Editor)

Overview

A wide-reaching exploration of how technological advancements influence and shape productivity and economic growth.

Current technological developments in several industries, such as the rise of artificial intelligence and innovations associated with the green energy transition, are likely to have significant and wide-ranging effects. This volume explores the implications of rapid changes in advanced technology and considers how to conceptualize and model these advances and improve measures of productivity and economic growth. The study of these issues is facilitated both by new methods for using and integrating disparate data sources and by the availability of new data sources. The chapters in this volume leverage these developments to offer fresh insights into long-standing issues in productivity analysis and technological change.

Product Details

ISBN-13:	9780226839080
Publisher:	University of Chicago Press
Publication date:	07/09/2025
Series:	National Bureau of Economic Research Studies in Income and Wealth
Edition description:	First Edition
Pages:	448
Product dimensions:	6.00(w) x 9.00(h) x 1.40(d)

About the Author

Susanto Basu is professor of economics at Boston College and a research associate of the NBER.


Lucy P. Eldridge is associate commissioner for productivity and technology at the US Bureau of Labor Statistics.


John C. Haltiwanger is Distinguished University Professor in the Department of Economics at the University of Maryland, College Park, and a research associate of the NBER.


Erich Strassner is chief of the real sector division at the International Monetary Fund.

Table of Contents

Prefatory Note
Introduction
   Susanto Basu, Lucy Eldridge, John Haltiwanger, and Erich Strassner
1. Automation and the Workforce: A Firm-Level View from the 2019 Annual Business Survey
  Daron Acemoglu, Gary Anderson, David Beede, Catherine Buffington, Eric Childress, Emin Dinlersoz, Lucia Foster, Nathan Goldschlag, John Haltiwanger, Zachary Kroff, Pascual Restrepo, and Nikolas Zolas
2. Similarities and Differences in the Adoption of General Purpose Technologies
   Ajay Agrawal, Joshua S. Gans, and Avi Goldfarb
3. Firm Investments in Artificial Intelligence Technologies and Changes in Workforce Composition
   Tania Babina, Anastassia Fedyk, Alex He, and James Hodson
4. The Strange and Awful Path of Productivity in the US Construction Sector
   Austan Goolsbee and Chad Syverson
5. Digital Concrete: Productivity in Infrastructure Construction
   Diane Coyle and Rehema Msulwa
6. After Redefinition TFP Accounting
   Jon D. Samuels
7. Data, Intangible Capital, and Productivity
   Carol Corrado, Jonathan Haskel, Massimiliano Iommi, Cecilia Jona-Lasinio, and Filippo Bontadini
8. Valuing the US Data Economy Using Machine Learning and Online Job Postings
   José Bayoán Santiago Calderón and Dylan G. Rassier
9. An Occupation and Asset-Driven Approach to Capital Utilization Adjustment in Productivity Statistics
   Josh Martin and Kyle Jones
10. Opening the Black Box: Task and Skill Mix and Productivity Dispersion
   G. Jacob Blackwood, Cindy Cunningham, Matthew Dey, Lucia Foster, Cheryl Grim, John Haltiwanger, Rachel Nesbit, Sabrina Wulff Pabilonia, Jay Stewart, Cody Tuttle, and Zoltan Wolf
Author Index
Subject Index