But correcting for these mismeasurements in the digital economy only deepens the productivity slowdown in the bulk of the non-technology economy and strengthens our case: unleashing the rest of the economy to innovate with information will revive economic growth over the next two decades.
Finally, estimates of mismeasurements, even if they're right, are not large enough to offset the full extent of the slowdown or replace much of the implied lost output.
Success requires untangling and isolating an inherently complicated set of possible contributing factors involving mismeasurements and data collection problems, changing investment functions, ongoing domestic and cross-border structural changes, institutional decay factors, demographic changes, and spillovers from years of deficient aggregate demand.
Some critics claim that productivity growth is currently understated because of mismeasurement, due to the upward bias in price indexes that fails to take account of the benefits of quality change and new products.
The mismeasurement hypothesis would imply you should see a larger slowdown if IT is more important in that country, because productivity mismeasurements are supposedly attached to these kinds of products.
Abstract The "mismeasurement hypothesis" holds that the recent slowdown in recorded productivity growth merely reflects a fall-off in our ability to measure productivity rather than an actual deceleration in economic growth, in large part reflecting benefits people gain, but don't pay for, from using new technology applications.
Keywords Productivity * Mismeasurement * Technology
The other, which may be related, is that such mismeasurements of the output gap (by up to 10 percent) persisting for years throughout the 1970s are difficult to believe.
The mismeasurement is apparent when we compare the green book output gaps with an output gap computed from the whole sample now available to us, as a deviation from trend (obviously information that policymakers did not have in real time).
Still, when the job is completed, there is usually a trail of nail holes from false starts due to mismeasurements
, unsteady hands, or other mishaps.
Brynjolfsson  argues that lack of positive evidence is due to mismeasurements
of outputs and inputs, lags in learning and adjustment, redistribution and dissipation of profits, and mismanagement of IT.
opening--it took us 15 minutes with a hand plane to increase the opening size before the oven would fit.) The computers that many consultants and designers use can offer many design options for your kitchen, but can't anticipate mismeasurements
you may feed into them.