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THE ECONOMIC IMPACT OF INFORMATION TECHNOLOGIES AFTER THE FINANCIAL CRISIS
Dale W. Jorgenson, Harvard University http://economics.harvard.edu/faculty/jorgenson/ Keynote Lecture to the Annual Conference of the Association des Économistes Québécois Hôtel Hilton du Casino du Lac-Leamy Gatineau, Québec May 19, 2011

INTRODUCTION TO THE WORLD KLEMS CONSORTIUM
World KLEMS Consortium
Formed August 19-20, 2010

What’s New?
70 NAICS Industries Covering 1960-2007

Before the Crisis
The IT Boom, the Dot-Com Crash, and the Jobless Recovery

After the Crisis
Continuing Economic Growth and Convergence

EU KLEMS PROJECT
Initial Release:
March 15, 2007

25 EU Economies:
U.S., Canada, Japan, and Korea

Data Sources:
Labor, Capital, and Intermediate Input

Completion Date:
June 30, 2008

IT-RELATED INDUSTRIES IT-Producing Industries
Computer and peripheral equipment manufacturing Communications equipment manufacturing Semiconductor and other electronic component manufacturing Software publishing Information and data processing services Computer systems design and related services

IT-Using Industries
Construction Machinery Motor vehicles bodies and trailers and parts Other transportation equipment Miscellaneous manufacturing Printing and related support activities Wholesale Trade Retail Trade Air transportation Water transportation Truck transportation Transit and ground passenger transportation Pipeline transportation Other transportation and support activities Broadcasting and telecommunications Federal Reserve banks credit intermediation and related activities Securities commodity contracts and investments Insurance carriers and related activities Rental and leasing services and lessors of intangible assets Legal services Miscellaneous professional scientific and technical services Management of companies and enterprises Administrative and support services Waste management and remediation services Educational services Hospitals Nursing
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