The Productivity slowdown is a major topic at present. As Kruggers said so wisely a long time ago 'productivity is everything but in the long term it is almost everything'.
Two people David Byrne and Dan Sichel look at the puzzle. given how important ICT is today it is indeed a puzzle.
They wrote about it at the admirable Vox eu site which I call Vox Wonk on Friday's Around the Traps
I won't do justice to their article nor their findings. Read it HERE
Update:
See Carola Binder
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