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What about the adoption of cloud, SaaS, and improvements in information systems in industry (e.g. Flexport for freight)?

The article doesn’t touch on software at all and instead attributes productivity growth purely as a function of Moore’s Law, which seems counterintuitive as both HW improvements and SWE improve the SW running on top.

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The article attributes ~12% of productivity growth to electronics miniaturization. It isn't meant to be a comprehensive analysis of the factors of productivity growth. The author is testing a hypothesis about electronics miniaturization and finds it correlated with some of the productivity acceleration during the 80s and 90s. He is using a new dataset and his analysis is shaped by that.

But it does provide some interesting ideas about measuring new contributions and identifies them in the combination of electronics and domains of industry.

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