I don’t think one can easily unpack the impact from either computers or internet (which I’m honestly not sure really has significantly increased productivity) impacts on aggregate productivity just by looking and a graph. GDP is nominal prices basically so technology changes that might well increase output or increase output quality while also working to lower or hold prices constant will be masked in simple GDP traces.
I think you’d need to look at some older models, perhaps like Solow’s Growth Model, that include a technology term and see how that is moving around. Total productivity seems like it would be driven by labor, capital and technology state. If one assumes human productivity is pretty constant and the installed capital base is likewise pretty set then innovation like computers, internet and AI should show up in the technology component of the model.
I don’t think one can easily unpack the impact from either computers or internet (which I’m honestly not sure really has significantly increased productivity) impacts on aggregate productivity just by looking and a graph. GDP is nominal prices basically so technology changes that might well increase output or increase output quality while also working to lower or hold prices constant will be masked in simple GDP traces.
I think you’d need to look at some older models, perhaps like Solow’s Growth Model, that include a technology term and see how that is moving around. Total productivity seems like it would be driven by labor, capital and technology state. If one assumes human productivity is pretty constant and the installed capital base is likewise pretty set then innovation like computers, internet and AI should show up in the technology component of the model.