Latest / The Productivity Podcast with Fexingo: Output, Efficiency, and Long-Term Economic Growth
Why the 1990s Productivity Boom Remains Unmatched
In this episode, Lucas and Luna explore the extraordinary productivity surge of the 1990s in the United States, when total factor productivity growth hit nearly 2 percent annually for a decade. They trace the three key drivers: the massive adoption of enterprise software, the wave of business-process reengineering at firms like Ford and General Electric, and the enabling role of a computer hardware price decline that dropped by over 90 percent from 1990 to 2000. Lucas explains why the 1990s boom was fundamentally different from the later internet productivity gains, and why it remains the…
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