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Title:The new economy - what is really new? PDF Logo
Authors:Siebert, Horst
Issue Date:2000
Series/Report no.:Kiel Working Papers 1000
Abstract:This paper analyzes some of the elements of the new economy. What is really new is first of all the technological innovation. In economic terms what is new is a new product. The new IT product brought about by the new technology means two different things: a new device to handle data and to communicate and a new good "information". This should lead to an increase of productivity, to a larger production potential and to a higher growth rate. The new economy has implications for capital markets and especially for labor. Major issues are regulation and taxation.
Subjects:new technology
IT products
productivity effects
impact on growth and on labor
regulation
taxation
JEL:D2
E1
J2
D0
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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