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The purpose of this paper is to examinethe impact of information technology （IT） on the Japanese economy． For this purpose， we conduct growth accounting analysis over the last 30 years， reviewing the... contribution of information technology to the economic growth． This analysis yields two observations． First， Japan experienced a rnassive IT investment boom in the late 1980s and resultant productivity surge in both aggregate labor productivity and total factor productivity （TFP）． Second， the investment boom， however， ended abruptly in the early 1990s when new types of open－network technology surged throughout the world． Since then the information technology has never contributed the changes of productivity growth． Therefcre， it can be concluded that we see neither a “Solow paradox” nor a “new econorfiy” in Japan．続きを見る
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