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The New Economy and Economic Growth in Europe and the US

  • Book
  • © 2002

Overview

Editors:
  1. David B. Audretsch

    1. School of Public and Environmental Affairs, Indiana University, Bloomington, USA

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  2. Paul J. J. Welfens

    1. European Institute for International European Relations (EIIW), University of Potsdam, Potsdam, Germany

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    You can also search for this editor in PubMed   Google Scholar

  • Innovative and original research in Internet dynamics and growth in OECD countries
  • Includes supplementary material: sn.pub/extras

Part of the book series: American and European Economic and Political Studies (AMERICEUROP)

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Table of contents (17 chapters)

  1. Front Matter

    Pages I-XII
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  2. Introduction

    • Paul J. J. Welfens, David Audretsch
    Pages 1-6

  3. Structural Changes and New Economy in the EU and the US

    • Werner Röger
    Pages 7-27

  4. Information & Communication Technology and Growth: Some Neglected Dynamic Aspects in Open Digital Economies

    • Paul J. J. Welfens
    Pages 29-52

  5. The New Economy in Spain: Situation and Prospects

    • Manuel Balmaseda, Carmen Hernansanz, Angel Melguizo, Miguel Sebastian
    Pages 53-86

  6. Telecommunication Dynamics and Internet Expansion

    • Robert F. Pelzel
    Pages 87-97

  7. Telecommunications, Innovation and the Long-term Production Function: Theoretical Aspects and a Cointegration Analysis for West Germany 1960 – 1990

    • Andre Jungmittag, Paul J. J. Welfens
    Pages 99-127

  8. Regional Policy in the New Economy

    • David B. Audretsch, Charles F. Bonser
    Pages 129-160

  9. Organizational Change, New Information and Communication Technologies and the Demand for Labor in Services

    • Martin Falk
    Pages 161-192

  10. The Effect of Restructuring the Organization of Production on Economic Growth

    • Martin A. Carree
    Pages 193-215

  11. Financing New Economy Firms

    • Matthias Bank
    Pages 217-224

  12. Technology and Financial Markets

    • Michael Heise
    Pages 225-228

  13. Electronic Banking and Prudential Supervision

    • Magdalene Heid
    Pages 229-251

  14. Integrating Electronic Commerce Into the World Trading System: Issues and Challenges

    • Harald Sander
    Pages 253-270

  15. Governing the Cyber Space

    • Jörn Kleinert, Daniel Piazolo
    Pages 271-292

  16. Growth and Change in the New Economy: Opportunities and Challenges

    • Margaret M. Polski
    Pages 293-305

  17. Internet and the Environment

    • Hartmut Stiller
    Pages 307-323

  18. International Information and Communications Technology Markets and Infrastructures: Some Comparative Statistics

    • Axel Pols
    Pages 325-341

  19. Back Matter

    Pages 343-353
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Keywords

About this book

The strong productivity growth of the US and Scandinavian countries in Europe in the 1990s has raised the question whether the ICT sector - information and com­ munication technology (that is computers plus telecommunications plus digital services)-is the new driving engine of high growth in leading OECD countries. Judging by the empirical evidence for the US, including a new study by McKinsey which gives mixed evidence, it is still too early to clearly dismiss Robert G. Gordon's hypothesis that the acceleration of US output growth is (dis­ regarding quality problems of price measurement) exclusively due to cyclical factors and increased productivity growth in the computer sector. The counter­ hypothesis is associated with research by Stiroh and others who argue that there are positive productivity spillover effects from ICT to other sectors. Indeed, it is not clear ex ante whether mainly the Old Economy or the so-called New Economy stands to benefit most from high innovation rates and strong productivity shifts associated with the spreading of digital services. Interestingly, the increased eco­ nomic role of the internet also contributes to the internationalization of the econ­ omy since more services have become tradable, and growing import competition itself could stimulate productivity growth and thus contribute to higher growth. If ICT plays a key role in the new economy, there are important implications in the differential degree to which Germany and the US have implemented ICT.

Editors and Affiliations

  • School of Public and Environmental Affairs, Indiana University, Bloomington, USA

    David B. Audretsch

  • European Institute for International European Relations (EIIW), University of Potsdam, Potsdam, Germany

    Paul J. J. Welfens

Bibliographic Information

  • Book Title: The New Economy and Economic Growth in Europe and the US

  • Editors: David B. Audretsch, Paul J. J. Welfens

  • Series Title: American and European Economic and Political Studies

  • DOI: https://doi.org/10.1007/978-3-540-24826-2

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2002

  • Hardcover ISBN: 978-3-540-43179-4Published: 10 April 2002

  • Softcover ISBN: 978-3-642-07736-4Published: 09 December 2010

  • eBook ISBN: 978-3-540-24826-2Published: 29 June 2013

  • Edition Number: 1

  • Number of Pages: XII, 353

  • Number of Illustrations: 6 b/w illustrations

  • Topics: Economic Policy

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