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Publications (7)
– ICT Opportunities and Challenges
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 societies reflects the increasing significance of the...
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– A Critical Review
This paper offers a critical review of the conventional economic classification, measurement and valuation of output, and related performance indicators, for the service sector. The paper also explores and contrasts long-standing views on the service knowledge base and service innovations, as well...
Working Paper
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– Is It an IT Story?
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 idiosyncratic risk. The results provide evidence...
Working Paper
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We study the determinants of stock market development and the growing migration of capital raising, listing, and trading activity to international exchanges. Economies with higher income per capita, sounder macro policies, more efficient legal systems with better shareholder protection, and more...
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This paper reviews the obstacles for an appropriate financial architecture of new economy firms in developing countries by reviewing the theoretical and some preliminary empirical underpinnings of the importance of legal and institutional barriers. Apart from the more conventional institutional and...
Working Paper
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– A Case of Managing Expectations?
A discussion of the theory of technology and economic growth suggests potentially negative implications for the impact of the Internet on developing countries. Technology in general is undoubtedly central to the growth process, but economists define technology in very broad terms. The impact of any...
Working Paper
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Knowledge-intensive business services (KIBS) have been posited to play a critical role as innovation agent and knowledge broker in the new economy. While a substantial part of the literature on KIBS stresses their function as an innovation agent to their clients’ innovation process and their...
Displaying 7 of 7 results