New economy: explosive growth driven by a productivity revolution?

Abstract: "The discussion paper discusses the macroeconomic argument of a New Economy that is characterized by higher non-inflationary economic growth due to increases in productivity caused by the digital revolution. Besides presenting evidence put forward by mainstream protagonists of the New Economy, it explores an interpretation of the New Economy inspired by regulation theory. Specifically, it looks at the stability of a finance-led regime of accumulation on the basis of the digital production paradigm. Some basic causal relationships of such a regime, especially the investment-profits, wealth-profits, and wealth-consumption connections, seem too fragile to be able to support the assertion that a stable new regime of accumulation has emerged. Furthermore, the New Economy thesis suffers from serious problems in measuring productivity in the service industries. Therefore, it seems just as plausible that the long 'Clinton' expansion was a singular event made possible by the special positio

Object Details

• Alternative title: New Economy: Expolosives Wachstum durch eine Produktivitätsrevolution?
• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource, 19 S.
• Language: Englisch
• Notes: Veröffentlichungsversion

References and Relationships

• Bibliographic citation: Veröffentlichungsreihe / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Technik - Arbeit - Umwelt, Abteilung Regulierung von Arbeit ; Bd. 01-204

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Veröffentlichung
• (where): Berlin
• (when): 2001
• Creator: Scherrer, Christoph
• Contributor: Wissenschaftszentrum Berlin für Sozialforschung gGmbH

Further information

• URN: urn:nbn:de:0168-ssoar-115217
• Rights: Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 25.03.2025, 1:52 PM CET