The European legislation on the new media: An appropriate framework for the information economy?

Dirk Wenzel

No 115, Beiträge der Hochschule Pforzheim from Pforzheim University

Abstract: This paper analyzes the legal framework for telecommunications and the new media in the European Union. Based on an institutional economics model, the different levels of institutional interaction within the EU media regulation are explored. Compared to the US, the European market seems to possess comparable human resources and technical infrastructure. And even though the EU's regulation philosophy is less market-friendly in the field of digital media, the overall performance of the legal framework is quite satisfactory. The reason for the relative smaller impact of IT investment for economic growth in Europe can be found in the less market-oriented institutions in the surrounding business environment and strong restrictions on the labor markets.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:pfobei:115

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