Technology and the New Economy [Hardcover]

Chong-En Bai (Author), Chi-Wa Yuen (Author)

Book Description

ISBN-10: 0262025345 | ISBN-13: 978-0262025348 | Publication Date: January 24, 2003

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.

Editorial Reviews

Review

"After a decade of debate, there is now a consensus among economists on the central role of information technology as driver of economic growth in today's economy. But, as the papers in this volume illustrate, the real key to productivity growth is not the technology itself, but rather the corporate and governmental institutions that the technology enables and requires. Bai and Yuen have assembled a group of the world's top scholars to grapple with these issues, and the result is essential reading for any serious student of technological change and growth."--Erik Brynjolfsson, Schussel Professor,  Sloan School of Management, MIT, and editor of *Understanding the Digital Economy* (MIT Press, 2000)

"For nearly 30 years, Dale Jorgenson has been a towering figure in the fields of econometrics and the economics of technical change. This volume is essential for any serious student and has the added benefit of being a delight to read. I particularly enjoyed Dale's analysis of the information technology revolution which is growing both in its pace of progress and its impact on the economy."--Erik Brynjolfsson, Schussel Professor,  Sloan School of Management, MIT, and editor of *Understanding the Digital Economy* (MIT Press, 2000)

About the Author

Chi-Wa Yuen is Associate Professor of Economics and Finance at the University of Hong Kong.

Product Details

• Hardcover: 225 pages
• Publisher: The MIT Press (January 24, 2003)
• Language: English
• ISBN-10: 0262025345
• ISBN-13: 978-0262025348
• Product Dimensions: 8.3 x 6 x 0.8 inches
• Shipping Weight: 15.8 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #4,720,269 in Books (See Top 100 in Books)