Arbeitspapier

The new economy - what is really new?

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.

Language
Englisch

Bibliographic citation
Series: Kiel Working Paper ; No. 1000

Classification
Wirtschaft
Subject
IT products
productivity effects
impact on growth and on labor
regulation
taxation
new technology
Informationstechnik
Informationsdienstleistung
Produktivität
Wirtschaftswachstum
Faktornachfrage
Informationspolitik
Steuerpolitik
Internationale Arbeitsteilung
Theorie

Event
Geistige Schöpfung
(who)
Siebert, Horst
Event
Veröffentlichung
(who)
Kiel Institute of World Economics (IfW)
(where)
Kiel
(when)
2000

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Siebert, Horst
  • Kiel Institute of World Economics (IfW)

Time of origin

  • 2000

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