The 'New Economy' and Economic Growth in Transition Economies: The Relevance of Institutional Infrastructure

Marcin Piątkowski

No DP2002-62, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The contribution of the 'new economy' to economic growth in developing countries has so far been minimal. Despite the recent hype, the 'old economy' will for long be the fundamental force behind economic growth in transition economies. Nonetheless, in the longer run the 'new economy' offers great potential for faster economic growth in postsocialist economies. Realizing this potential is however not automatic.

Keywords: Economic development; Index numbers (Economics); Information technology; Post-communism; Productivity (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (4)

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