The shift from embrace to repudiation of a "new economy" has been rapid and dramatic. Before the NASDAQ bubble burst, assertions abounded that IT and the Internet were changing everything. Today, with the technology sector mired in a deep slump, hyperbole has given way to despair. The truth lies somewhere in between. But where?
MGI's paper, "Whatever Happened to the New Economy?," distills insights from more than two years of research into the relationship between IT and labor productivity across 20 sectors in the U.S., France, and Germany. Taken as a whole, MGI's work shows both that the new economy was misunderstood in the past, and that recent reports of its demise have been greatly exaggerated. Our intent is to put the new economy into perspective and to identify ways that technology enables innovation and thereby creates lasting economic value. Launch this perspective (PDF - 649 KB)
Perspective - How IT Enables Productivity Growth MGI investigates the impact of IT investments on three strong-performing sectors in the U.S. Read more
Reaching Higher Productivity Growth in France and Germany MGI focuses on IT as an enabler of innovation. Read more
U.S. Productivity Growth, 1995-2000 Technology is important for productivity growth but there is no simple, positive correlation between the two. Read more
