THE DEBATE SURROUNDING THE NEW ECONOMY: AN APPROACH FOR AN ANALYSIS

Margarita Billón (), Nuria Hernández Nanclares and Fernando Lera López ()
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Nuria Hernández Nanclares: Universidad de Oviedo
Fernando Lera López: Departamento de Economía-UPNA, https://www.unavarra.es/departamento-economia

No 110, Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra

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 (ICT) is highlighted in both cases. The second part of the article discusses the major problems involved in measuring this phenomenon and the available data relating to it. 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 market; measurement and quantification of the new economy; Internet. (search for similar items in EconPapers)
JEL-codes: E00 L96 O30 O33 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2001
New Economics Papers: this item is included in nep-net
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