Is There a New Economy?

Michael Perelman

Chapter Chapter 9 in The Pathology of the U.S. Economy Revisited, 2002, pp 205-214 from Palgrave Macmillan

Abstract: Abstract In the mid-1990s, after decades of enviously watching Japan’s success, while languishing under a sub-par performance, the U.S. economy began to enjoy a sudden burst of productivity, while the Japanese economy sputtered. On a purely financial basis, this robust development had actually already begun in the early 1980s. For example, the Dow Jones Industrial Average stood at 884 in 1982, about the same as it was back in 1971. By 1999, it was just shy of 10,500. The rise of the technology-heavy NASDAQ index was even more dramatic. In 1971, the index was at 107. By 1982, it had grown to 189. By March 2000, it had exploded, going beyond 4,800.

Keywords: Stock Market; Intellectual Property; World Trade Organization; Chief Executive Officer; Stock Option (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10823-3_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230108233

DOI: 10.1057/9780230108233_10

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().