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.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Comments on Haimowitz, “Has the Surge in Computer Spending Fundamentally Changed the Economy?”
Real Computer Spending as a Share in the Major GDP Categories
Source: Haimowitz (1998, p. 31).
Growth rate of the real capital stock of computing equipment
Contribution of Computer Equipment to Growth
Income share of computing equipment
Contribution of Computing Equipment to Nonfarm Output
Source: Haimowitz (1998, p. 34)
In other words, Haimowitz 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