ference and, with David Dierksheide and McAlister Clabaugh, helped prepare this report for publication.


This report has been reviewed in draft form by individuals chosen for their diverse perspectives and technical expertise, in accordance with procedures approved by the NRC’s Report Review Committee. The purpose of this independent review is to provide candid and critical comments that will assist the institution in making its published report as sound as possible and to ensure that the report meets institutional standards for quality and objectivity. The review comments and draft manuscript remain confidential to protect the integrity of the process.

We wish to thank the following individuals for their review of this report: Ana Aizcorbe, Bureau of Economic Analysis; Robert Keyes, IBM Thomas Watson Research Center; William Knaus, University of Virginia; and Juri Matisoo, Semiconductor Industry Association.

Although the reviewers listed above have provided many constructive comments and suggestions, they were not asked to endorse the content of the report, nor did they see the final draft before its release. Responsibility for the final content of this report rests entirely with the authoring committee and the institution.


This report has three parts: a summary of the proceedings of the February 28, 2003, symposium; a research paper by Dr. Jack Triplett; and finally, a bibliography that provides additional references.

This report represents an important step in a major research effort by the Board on Science, Technology, and Economic Policy to advance our understanding of the factors shaping the New Economy, the metrics necessary to understand it better, and the policies best suited to sustaining the greater productivity and prosperity that it promises.

Dale W. Jorgenson

Charles W. Wessner

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