This paper reviews the obstacles for an appropriate financial architecture of new economy firms in developing countries by reviewing the theoretical and some preliminary empirical underpinnings of the importance of legal and institutional barriers. Apart from the more conventional institutional...

The rapid development and diffusion of the information and communications technology (ICT) is the major driving force of the New Economy. While there is ample evidence to suggest that the ICT industry has contributed a great deal to the overall economic growth of the developed countries, its...

The sharp increase in equity prices over the 1990s was widely attributed to permanently higher productivity growth derived from the New Economy. This paper establishes a rational expectations model of technology innovations and equity prices, which shows that under plausible assumptions,...

Technological progress and knowledge-based innovations have more important role in economic growth and development than ever. This conjecture is often called the new economy, referring to economic growth that is strongly associated to the development of information and communication technology....

Human resource management is experiencing a time of great changes and is, thereby, facing new challenges and roles. It is no longer enough merely to adapt to the ongoing changes. Instead human resource management needs to increase its concern of how to create the future. Old beliefs, thinking...

Useimpien arvioiden mukaan uudella taloudella on merkittäviä palkkaerojen kasvua voimistavia vaikutuksia. Tietokone- ja informaatioteknologian leviämisellä on myös selkeitä vaikutuksia työpaikkarakenteeseen, mutta vaikutukset työttömyyteen ovat epäselviä empiiristen tutkimusten...