Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/52770 
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dc.contributor.authorPiatkowski, Marcinen
dc.date.accessioned2011-12-14T09:39:00Z-
dc.date.available2011-12-14T09:39:00Z-
dc.date.issued2002-
dc.identifier.isbn9291902497en
dc.identifier.urihttp://hdl.handle.net/10419/52770-
dc.description.abstractThe contribution of the ‘new economy’ to economic growth in developing countries has so far been minimal. Despite the recent hype, the ‘old economy’ will for long be the fundamental force behind economic growth in transition economies. Nonetheless, in the longer run the ‘new economy’ offers great potential for faster economic growth in postsocialist economies. Realizing this potential is however not automatic. It can be left unharnessed if there is no suitable institutional infrastructure, which would allow for adoption, diffusion, and productive use of information and communication technologies (ICT). The paper constructs a New Economy Indicator (NEI) measuring the level of preparedness of transition economies for harnessing the potential of ICT to accelerate the long-term economic growth and catching-up with developed countries. In the NEI ranking Slovenia scored the highest, followed by the Czech Republic and Hungary. Albania, Bosnia and Herzegovina, and FR Yugoslavia occupy the bottom of the table. Similarity of the NEI results with the Global Competitiveness Report 2001 suggests that fundamentals responsible for the development of both the ‘new’ and the ‘old’ economy are largely the same. Hence, there is no ‘new’ or ‘old’ economy: there is only one economy where old recipes for development still apply.en
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Discussion Paper |x2002/62en
dc.subject.jelO1en
dc.subject.jelO2en
dc.subject.jelO3en
dc.subject.jelO5en
dc.subject.ddc330en
dc.subject.keywordpost-communist transitionen
dc.subject.keywordnew economyen
dc.subject.keywordICTen
dc.subject.keywordeconomic growthen
dc.subject.stwInformationstechniken
dc.subject.stwWirtschaftswachstumen
dc.subject.stwOsteuropaen
dc.subject.stwNew Economyen
dc.titleThe new economy and economic growth in transition economies: The relevance of institutional infrastructure-
dc.typeWorking Paperen
dc.identifier.ppn352846933en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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