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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 221.27-0.6%1:23 PM EST

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To: Glenn D. Rudolph who wrote (129885)8/11/2001 1:41:19 AM
From: schrodingers_cat  Read Replies (1) of 164684
 
I agree that tech has increased productivity by a lot, I just think that much of the impact is difficult for economists to measure. Say a computer model of fuel combustion together with computer aided design software allows a car company to improve engine design to increase the fuel efficiency of their engines and also meet demanding new emissions standards. Would this productivity improvement show up in the statistics as being due to computers?
If the new engine was made and sold for the same price as an old one would any productivity increase be detected at all? I think the solution to the puzzle of why computer driven productivity improvment is hard to detect, is found in the short-comings of economic statistics
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