One of the most important forces driving economic performance in the United States and other countries during the 1990s was the rise of information technology. The new technology has had such a significant impact on the economy that "the new economy" emerged as a popular term in both the media and academia.This book, written in an accessible style, examines basic questions about the effects of information technology on various aspects of the economy. The topics include the relationship between innovation and the stock market value of the innovating firm; competition policy; demand factors as determinants of growth; institutional aspects of the innovation process; and the effectiveness of monetary policy in stabilizing the economy.
Author(s): Chong-En Bai, Chi-Wa Yuen
Year: 2003
Language: English
Pages: 225
Contents......Page 6
Foreword......Page 8
Introduction......Page 14
1 Stock Markets in the New Economy......Page 22
2 The Value of Competitive Innovation and U.S. Policy toward the Computer Industry......Page 62
3 Technology Dissemination and Economic Growth: Some Lessons for the New Economy......Page 108
4 Technological Advancement and Long-Term Economic Growth in Asia......Page 170
5 Monetary Policy in the Information Economy......Page 200
Postscript......Page 288
B......Page 298
C......Page 299
E......Page 301
F......Page 302
I......Page 304
K......Page 306
M......Page 307
N......Page 308
P......Page 309
S......Page 310
T......Page 311
Z......Page 313
