Integrating Theory and Policy

Michael Vogelsang ()
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Michael Vogelsang: University of Wuppertal

Chapter Chapter 10 in Digitalization in Open Economies, 2010, pp 209-215 from Springer

Abstract: Abstract There is a vicious cycle of dynamic interdependencies between macroeconomic variables, firm behaviour, and the policy set-up. Policy influences business strategies; market outcomes influence macroeconomic figures and policy. Regarding networks, IT services and digital goods, this cycle is especially driven by new technological developments – and specific skills. Pilat and Devlin (2004) emphasize the self-enforcing effect: having a strong ICT sector may help generate skills needed to benefit from ICT use.1

Keywords: Market Power; Total Factor Productivity; Policy Instrument; Competition Policy; Macroeconomic Variable (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2392-9_10

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DOI: 10.1007/978-3-7908-2392-9_10

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