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Own-Account IT Equipment Investment

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Abstract

This note considers a puzzle: why has information technology (IT) equipment investment in the National income and Product Accounts (NIPAs) been so weak since 2007 at the same time that financial reports indicate massive increases in capital expenditures by IT service companies?

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  • David M. Byrne & Carol Corrado & Daniel E. Sichel, 2017. "Own-Account IT Equipment Investment," FEDS Notes 2017-10-04-2, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2017-10-04-2
    DOI: 10.17016/2380-7172.2071
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/own-account-it-equipment-investment-20171004.htm
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    Cited by:

    1. Sotiris Blanas & Gino Gancia & Sang Yoon (Tim) Lee, 2019. "Who is afraid of machines?," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 34(100), pages 627-690.
    2. Alejandra Bellatin & Stephanie Houle, 2021. "Overlooking the online world: Does mismeasurement of the digital economy explain the productivity slowdown?," Staff Analytical Notes 2021-10, Bank of Canada.
    3. David M. Byrne & Carol Corrado, 2017. "ICT Services and their Prices: What do they tell us about Productivity and Technology?," Finance and Economics Discussion Series 2017-015, Board of Governors of the Federal Reserve System (U.S.).

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