Practice mode Capital Formation, Investment Choice, Information Technology, And Technical Progress

In the 1980s, economists studying the sources of growth found no positive link between investment in information and communications technology (ICT) and productivity. What is this known as?

Correct answer A. Productivity paradox

Explanation

The productivity paradox describes the puzzling failure of heavy ICT investment in the 1970s and 1980s to show up as faster productivity growth in official statistics.

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In the 1980s, economists studying the sources of growth found no positive link between investment in information and communications technology (ICT) and productivity. What is this known as?

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In the 1980s, economists studying the sources of growth found no positive link between investment in information and communications technology (ICT) and productivity. What is this known as?

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