The Productivity J-Curve¶
Brynjolfsson, E., Rock, D., & Syverson, C. (2021). The Productivity J-Curve: How Intangibles Complement General Purpose Technologies. American Economic Journal: Macroeconomics, 13(1), 333-372.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Amara's Law
- The framing carried out of its original technology context into management and change management (transformation programs over-promised in Year 1 and under-claimed in Year 5), into venture investing (the "valley of death" rationale), into macroeconomic productivity analysis (the general-purpose-technology long-term gap), into regulatory impact assessment, and into public-health intervention design (short-term trial efficacy versus long-term population effectiveness).
This sourceFormalizes the productivity-paradox gap: general-purpose technologies require slow, complementary (often intangible) investment, so impact is underestimated in early years and the long-delayed payoff arrives later — the long-horizon underestimate, and the same J-curve underlying short-term-underperformance / long-term-reshaping in organizational change.
Supported in partVerified against the work's full text
The paper supports only the macroeconomic strand: productivity gains from general purpose technologies are understated early and show up later; the other fields are not covered.
“As firms adopt a new GPT, total factor productivity growth will initially be underestimated because capital and labor are used to accumulate unmeasured intangible capital stocks.”
- The framing carried out of its original technology context into management and change management (transformation programs over-promised in Year 1 and under-claimed in Year 5), into venture investing (the "valley of death" rationale), into macroeconomic productivity analysis (the general-purpose-technology long-term gap), into regulatory impact assessment, and into public-health intervention design (short-term trial efficacy versus long-term population effectiveness).
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