Le secteur des télécommunications surfe-t-il de bulle en bulle ?

Mathieu Plane

Revue de l'OFCE, 2004, vol. 88, issue 1, 151-184

Abstract: The telecommunication sector has recently undergone a fast development which accelerated from the second half of the 1990s, with the rise of the GSM and the Internet. But the actual growth of the sector turned into a gigantic financial bubble which was at the origin of one of the worst sector-based crises that the modern economies had seen. In this article, we try to identify the factors driving such a financial valuation of the telecommunications companies as well as those leading to the reversal of financial markets. Finally, on the verge of the implementation of the UMTS in France, some elements let us think that a new bubble might appear in the coming years. In the appendices, we simulate the financial profitability of the UMTS and estimate the macroeconomic impact of this project on the constituents of French economic growth.

Date: 2004
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_088_0151 (application/pdf)
http://www.cairn.info/revue-de-l-ofce-2004-1-page-151.htm (text/html)
free

Related works:
Working Paper: Le secteur des télécommunications surfe-t-il de bulle en bulle ? (2004)
Working Paper: Le secteur des télécommunications surfe-t-il de bulle en bulle ? (2004)
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:cai:reofsp:reof_088_0151

Access Statistics for this article

More articles in Revue de l'OFCE from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().