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Journal Article
Techno babel: the technology-driven economy
Working Paper
Prices for Local Area Network Equipment
In this paper we examine quality-adjusted prices for local area network (LAN) equipment. Hedonic regressions are used to estimate price changes for the two largest classes of LAN equipment, routers and switches. A matched model was used for LAN cards and the prices for hubs were inferred by using an economic relationship to switches. Overall, we find that prices for the four groups of LAN equipment fell at a 17 percent annual rate between 1995 and 2000. These results stand in sharp contrast to the PPI for communications equipment that is nearly flat over the 1990s.
Journal Article
Silicon prairie: how high tech is redefining Texas' economy
Journal Article
The high-tech investment boom and economic growth in the 1990s: accounting for quality
The rapid pace of economic growth in the 1990s was associated with an increasingly prominent role for investment, particularly for information processing and communications technologies. Given the evident pace of technological advancement in these sectors, official economic statistics have been constructed to take careful account of improvements in the quality of these high-tech capital goods. In this article, Michael R. Pakko examines the possibility that this selective accounting for quality improvement has distorted the true importance of high-tech investment in recent economic growth ...
Journal Article
Job polarization and rising inequality in the nation and the New York-northern New Jersey region
Since the 1980s, employment opportunities in both the United States and the New York?northern New Jersey region have become increasingly polarized. While technological advances and globalization have created new jobs for workers at the high end of the skill spectrum and largely spared the service jobs of workers at the low end, these forces have displaced many jobs involving routine tasks?traditionally the sphere of middle-skill workers. Moreover, these same forces have pushed up wages for high-skill workers disproportionately, contributing to increased wage inequality. The rise in inequality ...
Newsletter
Robots: ours are smarter; theirs sell better
Journal Article
High tech leads District exports