Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/2480
Authors: 
Siebert, Horst
Year of Publication: 
2000
Series/Report no.: 
Kiel Working Paper 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: 
IT products
productivity effects
impact on growth and on labor
regulation
taxation
new technology
JEL: 
D2
E1
J2
D0
Document Type: 
Working Paper

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