Interneteconomics.net

Macroeconomics, Deregulation, and Innovation

By: Paul J.J. Welfens

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Hardcover | 10 April 2002

At a Glance

Hardcover
236 Pages

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23.5 x 15.88 x 1.91

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$169.00

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Deregulation, privatization and internationalization of the telecommunications industry has brought about enormous changes within both the European and world economy. The dynamics of the Internet and the recent wave of innovations in the telecommunications and computer industry have given rise to new opportunities for entrepreneurship, employment and growth. No doubt, the dynamics and imperfections of today`s information markets raise crucial challenges for Western Europe. The changing patterns of innovation in the digital economy have forced governments to consider new strategies to promote innovation, network effects and growth. In response to these developments this text presents new approaches to macroeconomic modelling, growth theory and trade analysis. Still further, the deregulation policies of OECD-countries are analyzed. An indispensible text for academics and professionals who want to deepen their knowledge of how the New Economy revolution continues to change the economy.

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You Can Find This Book In

Non-Fiction Economics Political Economy Business & Management Business Mathematics & Systems Engineering & Technology Technology in General International Economics Macroeconomics Industry & Industrial Studies Media, Entertainment, Information & Communication Industries Information Technology Industries

Microeconomics Computing & I.T.Digital Lifestyle & Online World: Consumer & User Guides Internet Guides & Online Services

Preface	p. v
Telecommunications and the Internet Boom: Analysis and Economic Perspectives	p. 1
Trends in ICT Markets	p. 1
Towards a New Economy	p. 8
Growth, ICT Dynamics and Innovation	p. 13
New Economy	p. 17
The Digital Network Economy: Ten Basic Elements of the New Economy	p. 19
Some Relections on Computers	p. 23
Information and Communication Technology, Trade and FDI	p. 27
ICT Dynamics and Entrepreneurship	p. 33
Internet and Company Dynamics	p. 34
Competition in and Deregulation of Telecommunications	p. 38
Boom in Telecommunications in the OECD	p. 52
General Trends in Leading Industrial Countries	p. 52
Pivatization	p. 54
Some Regulatory Problems after Pivatization and Opening-up	p. 56
Mobile Telecommunications: Growth and Auctioning of Licences	p. 57
Financial Markets and the Internet	p. 67
Internet Economics and the Digital Divide within the OECD	p. 68
Telecoms Modernization, Productivity and Growth	p. 70
Computer Lag, Network Fragmentation and Education Deficits: Policy Challenges in a European Perspective	p. 74
Accounting for the US Productivity Acceleration in the 1990s	p. 77
Relative Pice of ICT Capital to Pice of Capital and Growth Rates of ICT Capital Formation and Non-ICT Capital Formation in the US	p. 78
The Internet in Macroeconomic Analysis and Growth Analysis	p. 79
Short Term and Long Term Aspects	p. 79
The Internet in Macroeconomic Analysis	p. 80
Internet, Telecommunications and Economic Growth	p. 85
Internet, Innovativeness and the Real Exchange Rate	p. 88
Information & Communication Technology and Growth: Some Neglected Dynamic Aspects in Open Digital Economies	p. 90
Introduction	p. 90
The Basic Analytics of ICT	p. 92
Spillover Effects from Computers Used in Households	p. 96
Endogenous Growth in an Open Economy	p. 100
Network Effects and the Macroeconomic Production Function	p. 102
Impact of the Internet in a Model with Human Capital and Unemployment	p. 104
Conclusions and Policy Implications	p. 107
High Dynamics of Telecommunications and Productivity Growth	p. 108
Telecommunications Policy in the European Union	p. 113
Introduction	p. 113
Changes in the Telecommunications Sector	p. 117
Basic Regulatory Problems: Theoretical Aspects	p. 118
The Competition Problem in Telephony and Foreign Investment	p. 121
Market Convergence and Distortions rom the Media Sector	p. 124
Theory of Vertical Integration	p. 125
Special Aspects of Telecoms and Information Markets	p. 130
Regulations of Telecommunications and Internet Expansion	p. 131
Traditional and New View of Telecommunications	p. 134
Vertical Integration and Political Economy of Liberalization Policy	p. 135
Implications for Deregulation	p. 136
Competition in Network Industries	p. 138
Network Theory, Technological Progress and Competition	p. 140
Domestic Competition and Foreign Direct Investment in Telecommunications	p. 144
Regulatory Issues	p. 145
Regulary Framework and Regulatory Policy	p. 145
Monopoly Versus Competition in International Telephony	p. 147
Deregulation Dynamics	p. 150
External Effects of Telecoms Network Expansion	p. 151
Transfer of Market Power in Interdependent Markets	p. 153
Telecommunications and Trade: Theory, Gravity Equation Analysis and Implications for Economic Policy	p. 154
Transatlantic Growth Differentials, ICT Dynamics, Fiscal Policy and Innovation Policy	p. 163
Euro Weakness and Transatlantic Growth Differentials	p. 163
Theoretical Analysis	p. 166
ICT Dynamics and Growth	p. 166
Perspectives on Inflation and Growth	p. 174
What is the Impact of US Growth Leadership for the Euro?	p. 178
Some Long Term Aspects	p. 181
Internet, Telecommunications and Innovation	p. 182
ICT Dynamics and Economic Policy	p. 185
Innovation Policy Challenges	p. 187
Data from IMF Economic Outlook 2001 (or website)	p. 190
A Simple Model of an Economy with Information	p. 194
Innovation, Savings and Growth	p. 197
List of Figures	p. 201
List of Tables	p. 203
References	p. 205
Table of Contents provided by Publisher. All Rights Reserved.

Interneteconomics.net

Macroeconomics, Deregulation, and Innovation

At a Glance

Hardcover

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