Economic Growth in the New Economy: Evidence from Advanced Economies
Jukka Jalava and
Matti Pohjola ()
No DP2001-05, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
By definition, the 'New Economy' is an economy where business firms have learnt to take advantage of both the ICT revolution and the globalization of business activities in ways which improve productivity. First, by surveying recent research findings, this paper confirms that both the production and use of ICT have been the factors behind the improved economic performance of the United States in the 1990s. The benefits from ICT use are likely to have exceeded the benefits from ICT production. However, the evidence for the New Economy is much weaker outside the United States.
Keywords: Capital; Information technology; Productivity (search for similar items in EconPapers)
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Journal Article: Economic growth in the New Economy: evidence from advanced economies (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2001-05
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