Comments on Haimowitz, “Has the Surge in Computer Spending Fundamentally Changed the Economy?”. Spending for computers has increased both in absolute terms and as a percent of GDP.
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Comments on Haimowitz, “Has the Surge in Computer Spending Fundamentally Changed the Economy?”
Source: Haimowitz (1998, p. 31).
Haimowitz’s method Categories
Growth rate of the real capital stock of computing equipment
Contribution of Computer Equipment to Growth
Income share of computing equipment
Source: Haimowitz (1998, p. 34)
In other words, Haimowitz Categories estimates that about 10 1/2 percent of the growth of real output in the U.S. between 1992-92 can be explainedby increases in spendingfor computers and software