This volume focuses on the Information and Communication (ICT)
revolution and its impact on economic growth. Even though the
emergence of the knowledge economy is at the center of attention by
media and is often a subject of economic policy debate, economic
research on the issue is still relatively underdeveloped and many
aspects of it are still awaiting proper theoretical and empirical
scrutiny. One important question is whether, as many economists and
opinion leaders maintain the knowledge economy and the new
information technologies have fostered the birth of a 'new economy'
which by inducing a strong productivity growth in most sectors, is
behind the impressive growth of GDP experienced by the US economy.
Empirical research has in fact been unable to provide a conclusive
answer to this question. This book debates this issue and provides
the opportunity to discuss the economic and social effects of the
ICT revolution. It also focuses on the functioning and the
micro-economic structure of the ICT sector, as well as on its
impact on various industries, on the financial system and on the
labor market. It analyses the role of the ICT revolution on
regional development and it addresses important policy issues such
as its consequences for antitrust legislation and government
regulation.
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