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| Author: | Reenen, J. Van |
| Title: | The growth of network computing: Quality-adjusted price changes for network servers |
| Journal: | Economic Journal
2006 : FEB, VOL. 116:509, p. F29-F44 |
| Index terms: | information technology networks software prices models USA |
| Language: | eng |
| Abstract: | This article deals with the evolution of quality-adjusted prices for servers motivated by two facts: 1. The recent productivity acceleration in the U.S. is closely linked to the spread of IT of which networked computing is a large component. 2. The growth of network computing itself has been fostered by the rapid growth in the quality and quantity of server hardware and software. The preferred hedonic price index fell much more rapidly than the standard 'matched model' price index, mainly due to the selection bias in the standard model. |
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