New research paper: No quick productivity gains from tech breakthroughs


09/23/2015

Exciting new science by CBS Economics Department Associate Professor Battista Severgnini and LSE colleague Lars Boerner provides historical evidence how technological breakthroughs take time to impact productivity upwards at a major scale. Their research is based on productivity gains coming out of the invention of the mechanical clock. Frankfurter Allgemeine Sonntagszeitung (FAS) discuss this in their well-established column "Der Sonntagsökonom”. In the article FAS also draw parallels to the current paradox that on the one hand the IT revolution has led to huge technological progress but on the other hand it has not yet achieved its full potential productivity gain at a broader scale. Read the full Frankfurter Allgemeine Sonntagszeitung article here (in German): http://www.msn.com/de-de/nachrichten/other/wunder-dauern-etwas-l%C3%A4ng...

Find the paper by Boerner and Severgnini in London School of Economics Economic History Working Papers here: http://www.lse.ac.uk/economicHistory/workingPapers/2015/WP222.pdf

The page was last edited by: Department of Economics // 12/17/2017