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Digital Economy 2003
Reports
After two years of retrenchment, information technology-producing industries now show signs of resuming the dynamic role they played during 1996–2000.
Digital Economy
On November 9, 2015, the Secretary of Commerce unveiled the Department of Commerce’s new Digital Economy Agenda, which will help businesses and consumers realize the potential of the digital economy to advance growth and opportunity. The Agenda focuses on four key objectives: promoting a free and open Internet worldwide; promoting trust online; ensuring access for workers, families, and companies; and promoting innovation.
To support the Agenda, the Secretary of Commerce has directed the creation of a Digital Economy Board of Advisors to enable the Department to have a mechanism for receiving regular advice from leaders in industry, academia, and civil society.
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Robust investment in information technology (IT) played a major role in the acceleration of output and productivity growth from 1996 to 2000. Until now, however, very little was known about the extent to which small and medium-size enterprises (SMEs) were taking part in the digital economy. This report examines new evidence of how small and medium-sized businesses are faring in the new economy –...
Digital Economy 2002
Reports
The second half of 2000 marked a turning point in recent economic experience and gave new urgency to questions about the nature and durability of the new economy. Answers to these questions should be clearer on the far side of the slowdown. For analysts standing in the hollow of the process, however, the challenge is still to assess developments in information technology-producing and -using...
Digital Economy 2000
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The U.S. economic expansion is now in its tenth year, showing no signs of slowing down. The rate of labor productivity growth has doubled in recent years, instead of falling as the expansion matured as in previous postwar expansions. Moreover, core inflation remains low despite record employment and the lowest jobless rates in a generation. Our sustained economic strength with low inflation...
The Emerging Digital Economy II
Reports
Electronic commerce (business transactions on the Web) and the information technology (IT) industries that make “e-commerce” possible are growing and changing at breathtaking speed, fundamentally altering the way Americans produce, consume, communicate and play.
The Emerging Digital Economy
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During the past few years, the United States economy has performed beyond most expectations. A shrinking budget deficit, low-interest rates, a stable macroeconomic environment, expanding international trade with fewer barriers and effective private-sector management are all credited with playing a role in this healthy economic performance.
Structural Change in the U.S. Banking Industry: The Role of Information Technology
Reports
Commercial bank investment in information technology (IT) equipment has grown rapidly, from $104 million in 1960 to more than $10 billion in 1994. These investments in “hard” technologies (computer hardware, software, telecommunications equipment, etc.) have been accompanied by increases in "soft" technologies, for example, complex financial innovations that were infeasible on a large scale...
