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  • 标题:Telecommunications, Internet, Innovation and Growth in Europe and the US
  • 本地全文:下载
  • 作者:Paul J.J. Welfens Andre Jungmittag
  • 期刊名称:EIIW Discussion Papers - Diskussionsbeitrag
  • 出版年度:2002
  • 卷号:2002
  • 出版社:Europäisches Institut für Internationale Wirtschaftsbeziehungen, Potsdam
  • 摘要:We analyze the role of information & communication technology (ICT) with respect to productivity growth and output growth in OECD countries where liberalization of tele- communications has contributed to accelerating internet expansion in the late 1990s. Based on the literature there is clear evidence for the US that both the ICT-producing sector and the ICT-using sector have significantly contributed to an acceleration of productivity and growth in the 1990s. The EU – in particular Germany, France, Italy and Spain – are lagging behind the US which has established a firm global lead in hardware and software. The internet will accelerate economic globalization and raises the demand for skilled labor thereby creating pressure for relative wage adjustments in OECD countries on the one hand; on the other hand investment in human capital and retraining will have a higher social rate of return in the future while it is unclear that the European model of the market economy is up to the new challenges. We also look into some theoretical aspects of innovation, internet/telecommunications and growth. Em- pirical evidence for Germany is presented that the use of telecommunications and the internet positively contribute to output growth and employment growth. Moreover, we report recent results from our gravity modeling of OECD trade showing that interna- tional telecommunications contributes positively to higher trade volumes. Economic policymakers in the EU face problems in optimally exploiting the growth opportunities of ICT; in the whole OECD the well-known imperfections of information markets gen- erally compound progress towards a dynamic knowledge society.
  • 关键词:: Internet, Growth, Internationalization, Economic Policy, EU
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