Productivity paradox

Question

Mention shortly what is meant by the productivity paradox and its most important implications

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Roaa · Answer 1 · 2022-01-01T23:23:00+00:00

he productivity paradox defined as : low growth in productivity despite a seeming explosion of technological innovation

possible causes of the productivity paradox

• Mis-measurement – The gains are real but our current measures miss them.

• Redistribution – There are private gains, but they come at the expense of other firms and individuals, leaving little net gain.

• Time lags – The gains take a long time to show up.

• Mismanagement – There are no gains because of the unusual difficulties in managing IT or information itsel