This paper consists of two parts. In the first part we carry out a traditional growth accounting exercise for the private business sectors of the Swedish economy. We search for structural breaks during the sample period, using Chow tests, using a dynamic specification of Total Factor...

The economic slowdown of 2001 reduced productivity growth in both the United States and Canada. This development has raised the question of the sustainability or permanency of the pace of productivity growth experienced during the 1995-2000 period in the United States and the likelihood of...

This paper consists of two parts. In the first part we carry out a traditional growth accounting exercise for the private business sectors of the Swedish economy. We search for structural breaks during the sample period, using Chow tests, using a dynamic specification of Total Factor...

Die vorliegende Studie wurde im ifo Arbeitsbereich Branchenforschung erstellt und im Frühjahr 2005 abgeschlossen. Auftraggeber war das Bundesministerium für Wirtschaft und Arbeit. Gegenstand der Studie sind der Stand und die Perspektiven der „New Economy“ in Deutschland sowie ein Vergleich...

The revolutionary changes in information technology (IT), globalisation and financial innovation have overturned the Solow productivity paradox and spawned a New Economy (NE) in Australia in the late 1990s. Both growth accounting estimates and the use of the information superhighway ranks...

Crucial role of institutions in the economy as means reducing uncertainty and transaction costs was analyzed by economists for a long time, but as the economy itself the institutions do not remain fixed in a single state. Processes that change the economy, particularly globalization and rapid...

Proposed article is focused on new economy and its significance in global processes. Comming from theoretic opinions of economic prominents authors emphasize its impact on makro- and mikroeconomics while focusing on its effect on economic growth. In comparison with old economy, article mentions...

The purpose of this paper is to measure the influence of information technology (IT) on Japanese economic growth. For this purpose, we first conduct growth accounting analysis for data acquired over the last 30 years, reviewing the contribution of information technology to economic growth. Then...

Has the economy fundamentally changed in the 1990s because of the introduction of information technology or is the impact of IT not so much "new" as larger than before? In this article, Barry Bosworth and Jack Triplett of the Brooking Institution examine this issue with a detailed analysis of...

This paper explores the relationship between employment protection legislation (EPL) and the share of employment in the IT sector. Evidence from several OECD countries suggests that the importance of the IT sector is smaller in economies with high levels of EPL than in economies with low levels....