LEADER 09192oam 2200781 a 450 001 9910821133303321 005 20240410144234.0 010 $a979-84-00-67027-5 010 $a1-280-91371-1 010 $a9786610913718 010 $a0-313-00684-9 024 7 $a10.5040/9798400670275 035 $a(CKB)111056486934662 035 $a(OCoLC)614595622 035 $a(CaPaEBR)ebrary10023117 035 $a(SSID)ssj0000179219 035 $a(PQKBManifestationID)11154181 035 $a(PQKBTitleCode)TC0000179219 035 $a(PQKBWorkID)10246813 035 $a(PQKB)10642355 035 $a(Au-PeEL)EBL3000810 035 $a(CaPaEBR)ebr10023117 035 $a(CaONFJC)MIL91371 035 $a(OCoLC)929145154 035 $a(MiAaPQ)EBC3000810 035 $a(OCoLC)1435635146 035 $a(DLC)BP9798400670275BC 035 $a(EXLCZ)99111056486934662 100 $a20010911e20022024 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInformation technology, corporate productivity, and the new economy /$fStephan Kudyba and Romesh Diwan ; foreword by Dennis McGinn 205 $a1st ed. 210 1$aWestport, Conn. :$cPraeger,$d2002. 210 2$aLondon :$cBloomsbury Publishing,$d2024 215 $a1 online resource (241 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-56720-420-1 320 $aIncludes bibliographical references (p. [225]-230) and index. 327 $aCover -- Information Technology, Corporate Productivity, and the New Economy -- Contents -- Foreword -- Acknowledgments -- Introduction -- PART I LAYING THE GROUNDWORK -- 1 An Introduction to the Information Economy -- INFORMATION TECHNOLOGY AND THE INFORMATION ECONOMY: A TECHNO-ECONOMIC PARADIGM -- INNOVATION AND A TECHNO-ECONOMIC PARADIGM -- A NEW ECONOMY -- FREE TRADE, GLOBALIZATION, AND INFORMATION TECHNOLOGY IN THE NEW ECONOMY -- NOTES -- 2 A Closer Look at Information Technology and the Information Age -- WHAT IS INFORMATION TECHNOLOGY? -- CORPORATE CREATORS OF INFORMATION TECHNOLOGY -- COMMENTS ON ECONOMIC REPERCUSSIONS -- AN INDUSTRY DESCRIPTION -- AGGREGATE INDUSTRY SECTORS -- NOTES -- 3 Productivity and Production Theory -- DOES LABOR PRODUCTIVITY EXPLAIN EVERYTHING?: A CLOSER LOOK AT TOTAL FACTOR PRODUCTIVITY -- TECHNOLOGICAL CHANGE (EMBODIED AND DISEMBODIED APPROACHES) -- ECONOMETRIC MEASUREMENT OF TECHNOLOGICAL CHANGE -- THE PRODUCTION FUNCTION -- SOME PAST CONCERNS REGARDING U.S. PRODUCTIVITY -- APPLICATIONS IN PRODUCTIVITY ANALYSIS -- WHY PRODUCTIVITY NOW? -- PERTINENT QUESTIONS IN ANALYZING INFORMATION TECHNOLOGY -- DIFFICULTIES IN ESTIMATING PRODUCTIVITY -- Inaccurate Measurement of IT Capital -- Determining the Market Value of IT Equipment -- Measuring Potential Quality Changes in Output -- Measuring Output of the Service Sector -- Potential Lags between IT Investment and Corresponding Effects -- Mismanagement of IT Resources -- Low Concentration of Firm-Level IT Capital -- ADDRESSING THE DIFFICULTIES -- COMMENTS ON PROFITABILITY -- A CLOSING NOTE ON THE EMPIRICAL ANALYSIS -- NOTES -- 4 Empirical Studies on Productivity and Information Technology Investment at the Firm Level -- THREE BENCHMARK STUDIES OF THE PAST -- A Firm-Level Analysis Using Two Data Sources -- Paradox Lost?. 327 $aProductivity, Profitability, and Consumer Surplus -- A MORE RECENT FIRM-LEVEL ANALYSIS -- Data Sources, Calculations, and Statistical Summaries -- Factor Input Calculations -- Capital -- IT Capital -- Non-IT Labor and IT Labor -- Empirical Results -- A Sector Analysis -- COMPARING EMPIRICAL RESULTS -- CONCLUSION -- A BRIEF WORD ON PRODUCTION FUNCTIONS AND FACTOR SUBSTITUTION -- NOTES -- 5 Theoretical Background of and Empirical Work Regarding Information Technology and Corporate Profits -- MICROECONOMIC THEORY AND INFORMATION TECHNOLOGY -- SUSTAINING A COMPETITIVE ADVANTAGE -- EMPIRICAL APPROACHES TO MEASURING CORPORATE PERFORMANCE -- Information Technology and Firm Performance: An Empirical Analysis -- Information Technology and Business Value: A Two-Stage Approach -- Brynjolfsson and Hitt: A Firm-Level Analysis of Profitability -- A MORE RECENT ANALYSIS OF INFORMATION TECHNOLOGY AND CORPORATE PROFITS -- INFORMATION TECHNOLOGY AND COST REDUCTION -- MICROECONOMICS AND BUSINESS THEORY -- INFORMATION TECHNOLOGY IN THE 1990s AND THE CHANGING STRUCTURE OF THE FIRM -- A DETAILED LOOK AT THE EMPIRICAL ANALYSIS -- REASONS FOR RECENT PROFIT RESULTS -- CLOSING REMARKS -- NOTES -- PART II A MORE DETAILED LOOK AT INFORMATION TECHNOLOGY FACTORS THAT PROMOTE FIRM EFFICIENCY -- 6 A Detailed Look at Information Technology and U.S. Industry -- STATISTICAL SUMMARIES OF U.S. INDUSTRIES -- RANKING INDUSTRIES ACCORDING TO INFORMATION TECHNOLOGY USAGE -- ANOTHER ATTEMPT AT INPUT SUBSTITUTION ANALYSIS -- ESTIMATING PRODUCTIVITY ACCORDING TO INFORMATION TECHNOLOGY INTENSITY -- THE CHANGING STRUCTURE OF THE FIRM -- Partnerships, Outsourcing, and Corporations -- A Closer Look at U.S. High-Tech Manufacturing (Flexible Manufacturing) -- INDUSTRY OF TODAY -- THE DELL MODEL -- ANOTHER INFORMATION TECHNOLOGY BUZZWORD? -- NOTES -- 7 Software Applications That Enhance Knowledge. 327 $aINFORMATION TECHNOLOGY/ECONOMIC THEORY AND BUSINESS STRATEGY: THE BUILDING BLOCKS FOR BUSINESS INTELLIGENCE -- AN INTRODUCTION TO BUSINESS INTELLIGENCE -- The Business Intelligence Spectrum: Data Extraction and Report Writing, OLAP, Intranets, Extranets, and the Internet -- Functional and Company-Specific Examples -- Software Applications and Corporate Productivity -- USING INFORMATION TECHNOLOGY TO SURVIVE IN THE INFORMATION AGE: A MODEL OF AN INFORMATION TECHNOLOGY SYSTEM -- NOTES -- 8 Economic Principles and Information Technology: A Focus on Market Exchanges and the CRM Principle -- MEASURING CONSUMER PREFERENCES -- DATA MINING (ECONOMETRIC MODELING) AND MEASURING CONSUMER BEHAVIOR -- THE CRM PRINCIPLE -- Strategies That Leverage Off the Knowledge of Consumer Behavior -- Getting Back to Managing the Customer -- Allocation of Resources Toward Profitable Consumers -- PITFALLS OF INFORMATION ECONOMICS: EXTERNALITIES OF CORPORATE PRODUCTIVITY -- A WORD ON PRIVACY -- A Word on the Quality of Service and the Potential for Preferential Treatment -- Less Leisure Time for the Consumer -- Extending CRM to the Employee (Call It Human Capital Management) -- THE CHANGING STRUCTURE OF THE MARKETPLACE: INFORMATION TECHNOLOGY THAT FACILITATES MARKET TRANSACTIONS -- THE QUEST FOR INCREASED EFFICIENCY THROUGH THE DEVELOPMENT OF INFOMEDIARIES OR ON-LINE EXCHANGES -- The Economics Behind On-line Exchanges -- Advantages from a Supplier's and a Purchaser's Perspective -- THE DANGERS OF IGNORING TRADITIONAL ECONOMICS IN THE NEW ECONOMY -- NOTES -- 9 The Information Bubble -- THE PROSPEROUS BOOM IN STOCKS -- THE INFORMATION TECHNOLOGY EFFECT ON THE INDIVIDUAL INVESTOR -- MACROECONOMIC EVENTS THAT TOOK THEIR TOLL ON STOCKS -- Information Technology Saturation -- The Integration of Financial and Economic Forces That Created and Destroyed the Bubble. 327 $aNOTEWORTHY BUBBLES AND OVERVALUATIONS OF THE PAST -- Growth Stocks and New Technologies -- The Great Japanese Land and Equity Bubble -- The High Growth Years of the 1980s -- The Savings and Investment Impact -- The Bubble Effect -- WHAT IS IN STORE FOR THE FUTURE? -- NOTES -- 10 Micro Productivity and Macro Implications -- SOFTWARE IN THE ECONOMY -- INFORMATION TECHNOLOGY AND U.S. LABOR -- INFORMATION TECHNOLOGY AND GLOBALIZATION -- Free Trade and Multinational Activity -- Global Proliferation of Information Technology -- IT Specific Factors from an International Perspective -- A Closer Look at the Wireless World -- Guidelines for All Nations to Consider in the Information Economy -- CONCLUSION -- NOTES -- Appendix A: Empirical Results for Translog Analysis of Firm-Level Production Functions -- NOTE -- Appendix B: Empirical Results for Translog Analysis of IT Intensity Industry Sectors -- Numbers for Empirical Work -- Glossary of Information Technology Terms -- Selected Bibliography -- Index -- About the Authors. 606 $aInformation technology$xEconomic aspects 606 $aIndustrial productivity 606 $aTechnological innovations$xEconomic aspects 606 $aInformation technology$xEconomic aspects$zUnited States 606 $aIndustrial productivity$zUnited States 606 $aTechnological innovations$xEconomic aspects$zUnited States 615 0$aInformation technology$xEconomic aspects. 615 0$aIndustrial productivity. 615 0$aTechnological innovations$xEconomic aspects. 615 0$aInformation technology$xEconomic aspects 615 0$aIndustrial productivity 615 0$aTechnological innovations$xEconomic aspects 676 $a658.4/038 700 $aKudyba$b Stephan$f1963-$01666068 701 $aDiwan$b Romesh K.$f1933-$01666069 801 0$bDLC 801 1$bDLC 801 2$bDLC 906 $aBOOK 912 $a9910821133303321 996 $aInformation technology, corporate productivity, and the new economy$94025115 997 $aUNINA