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Concluding Remarks--Dale W. Jorgenson
Pages 94-96

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From page 94...
... " Answering both parts in the affirmative, he said it had been demonstrated not only that measuring progress was possible but also that such measurement had become steadily more sophisticated and, in fact, "quite successful." The second question was whether it would be possible to use a road map resembling that maintained by the Semiconductor Industry Association to project developments in information technology generally and in the various fields discussed by the day's presenters specifically. Again Dr.
From page 95...
... Jorgenson said, Dr. Corrado had sent him the Federal Reserve Board of Governors' first cut at a set of official statistics for telecommunications equipment, which had been intended to fill in what had up to then been "a `black hole' in economic understanding." Economists, for example, had not previously understood the role of DWDM, a very rapidly developing technology, but it had now been encompassed.


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