The So-Called New Economy and the ICT: Concept and Measurement

Nuria Hernández Nanclares and Fernando Lera López

Brazilian Electronic Journal of Economics, 2001, vol. 4, issue 1

Abstract: The current debate over the possible existence of a "new economy" calls for an interpretation and analysis of the phenomenon from various points of view. Thus, the first part of the article contains a description of some of its main characteristics viewed both from the microeconomic and macroeconomic perspective. The fundamental role of Information and Communications Technology is highlighted in both cases. The second part discusses the major problems involved in measuring this phenomenon and the available data. This gives an indication not only of the importance of the "new economy" but also of the difficulties involved in estimating its dimensions.

Keywords: new economy"; Information and Communications Technology (ICT); electronic marketplace; e-commerce; internet (search for similar items in EconPapers)

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