In the 1980s economists studying the source of growth observed no positive relationship between information and communications technology (ICT) investments and productivity This is known as ?
Correct answer: B. productivity paradox
- A. Solow residual
- B. productivity paradox
- C. technological followership
- D. Stieglitz discrepancies
Explanation
The productivity paradox describes the observation that rapid investment in information and communications technology did not initially produce a corresponding rise in measured productivity. It is commonly associated with Robert Solow’s remark that computers were visible everywhere except in productivity statistics.
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