Working Paper
Information Technology and Economic Development
There is substantial evidence that new information technologies are in many ways transforming the operations of modern economies. More than half of employees use a computer at work in the most advanced industrial countries. About 10 per cent of the...
Working Paper
Computers and Economic Growth in Finland
The effect of computer technology on Finnish economic growth in 1983-96 is examined to shed light into the famous productivity paradox. Using the neoclassical growth accounting framework, the contribution of computer hardware, software and labor to...
Working Paper
On the Regulation of Telecommunications Markets
This paper discusses the theoretical concepts underlying recent developments in the regulation of telecommunications in Europe, the USA and developing countries with respect to efficiency and welfare. It focuses on analysing standardization problems...
Working Paper
The New Economy in Europe, 1992-2001
Despite the fast catching-up in ICT diffusion experienced by most EU countries in the last few years, information technologies have so far delivered little productivity gains in Europe. In the second half of the past decade, growth contributions from...
Working Paper
The Causal Relationship between ICT and FDI
This paper investigates the simultaneous causal relationship between investments in information and communication technology (ICT) and flows of foreign direct investment (FDI), with reference to its implications on economic growth. For the empirical...
Working Paper
Information Technology and Economic Growth
This paper explores the impacts of information technology investment on economic growth in a cross-section of 39 countries in the period 1980-95 by applying an explicit model of economic growth, the augmented version of the neoclassical (Solow)...
Journal Special Issue
The New Economy in Europe, 1992–2001
Despite the fast catching up in the diffusion of information and communication technologies (ICT) experienced by most EU countries in the last few years, information technologies have so far delivered few productivity gains in Europe. In the second...
Working Paper
Internet Use in Transition Economies
The purpose of the study is two-fold. First, it examines whether Internet usage converges across the geographical space comprising the European Union and Central and Eastern Europe (CEE). Second, it aims to expand the currently rather limited...
Working Paper
Digital technology and productivity of informal enterprises
The lingering policy dilemma facing many governments in sub-Saharan Africa in recent years is what can be done in the short to medium term to boost the output and incomes of individuals and enterprises in the informal sector, given the size and...
Working Paper
Comparing the development of agricultural technology and information technology in rural Vietnam
This paper presents a descriptive analysis on the ownership of different types of technology—both agricultural machinery and information technology—within households in rural areas of Vietnam. We find that there has been little development in the...
Working Paper
Use of ICTs and the Economic Performance of SMEs in East Africa
This paper assesses the use of information and communication technologies (ICTs) and their impact on the economic performance of small- and medium-scale enterprises (SMEs) of three East African countries: Kenya, Tanzania and Uganda. Findings of the...
Working Paper
Idiosyncratic Risk in the 1990s
This paper examines trends in idiosyncratic risk in different ‘new economy’ and ‘old economy’ industries, and explores whether these developments can be attributed to the use of IT. A CAPM-based decomposition of equity returns is employed to estimate...
Book
Information Technology, Productivity, and Economic Growth
The often-advocated view that the information technology revolution will change the world must stem from the basic premiss that investment in IT has a visible impact on productivity and economic growth. But how can we measure this impact and how...
Book
New Economy in Development
Within the last three decades, industrialization, and manufacturing in particular, has decreased in importance as the principal driver of economic growth and development in the world economy. The expansion of the service sector in industrialized...
Journal Special Issue
The New Economy
The world economy is undergoing a fundamental structural change driven by the globalization of business on the one hand and by the revolution in information andcommunication technology on the other. The New Economy is the superior economic structure...