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| Author: | Franke, R. H. |
| Title: | Technological revolution and productivity decline : computer introduction in the financial industry. |
| Journal: | Technological Forecasting and Social Change
1987 : APR, VOL. 31:2, p. 143-154 |
| Index terms: | TECHNOLOGICAL CHANGE PRODUCTIVITY FINANCE COMPANIES USA COMPUTER USERS |
| Language: | eng |
| Abstract: | Productivity effects of the second technological revolution are evaluated in the initial large sector of the American economy to use the computer widely. Adoption by the financial industry has been associated with increases in fixed capital, but not with proportionate increases of output either in total or per unit of labor. A multivariate analysis demonstrates the beginning of improvement resulting from new technology. In the computer revolution it appears that experience gained over generations is required to obtain economic benefits from fundamental alterations to work processes. |
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