Strong Start for CSIP
The Center for the Study of Innovation and Productivity (CSIP) was established
in 2003 to foster research on innovation and productivity and their links
to economic growth and firm and labor market behavior. The center got
off to a strong start in 2003, holding an inaugural conference in November,
hosting several visiting scholars, and producing a number of new research
The CSIP inaugural conference focused on “Technology, Productivity,
and Public Policy” and brought together researchers from around
the country working on a variety of macroeconomic and microeconomic topics.
James Kahn and Robert Rich (Federal Reserve Bank of New York), for example,
presented their research on how to identify shifts in the trend of aggregate
productivity growth. Rodolfo Manuelli and Ananth Seshadri (University
of Wisconsin) examined the diffusion of technological change through
their study of the adoption of tractors in the first half of the 20th
century. David Autor and Frank Levy (Massachusetts Institute of Technology)
considered the impact of rising computer use on the demand for college-educated
workers. Martin Baily (International Institute of Economics) provided
some real world perspective on the recent productivity revolution during
his keynote address.
In 2003, the center’s visiting scholars looked at issues related
to workplace innovation and productivity (Sandra Black, UCLA), computer
investment and productivity (Simon Gilchrist, Boston University), and
patenting in the pharmaceutical industry (Margaret Kyle, Carnegie Mellon
University). Other visitors to the Bank working on issues related to
innovation and productivity included Robert Hunt (Federal Reserve Bank
of Philadelphia) and Kevin Stiroh (Federal Reserve Bank of New York).
These visitors and seminar speakers broadened the research expertise
of the center.
The conference and the visiting scholar program augmented a rich array
of research projects conducted by Federal Reserve Bank of San Francisco
staff. In 2003, staff looked at the link between information technology
investment intensity and productivity growth in the retail sector (Mark
Doms et al.), inertia in wages in the face of permanent productivity
shocks (John Williams et al.), and differences in the composition of
investment and per capita income across countries (Dan Wilson et al.).
Other topics included human capital and technology diffusion, depreciation
of computer equipment, and pricing telecommunications goods.
In 2004, CSIP will continue to foster research on innovation and productivity.
The center will expand its visiting scholar program and host a joint
seminar series on “Productivity and Growth” with U.C. Berkeley
and Stanford University. The center makes its research and analysis
available to the public, both researchers and non-specialists, through
a public web site launched in 2004. The web site provides access to
research papers, Economic Letters, issue overviews, and data related
to innovation and productivity. Visit CSIP online at: frbsf.org/csip.
CSIP Staff and Affiliates
Vice President, Financial and Regional Research
|Research Associates and Database Managers
|CSIP Research Affiliates
Mark Doms, Senior Economist
Senior Research Advisor
Senior Research Advisor
Dan Wilson, Economist