The IT Revolution and the Stock Market.

Technological progress comes in waves. The birth of information technology (IT) may herald the start of a Third Industrial Revolution. This paper argues that (a) the market declined in the late 1960s because it felt that the old technologies either had lost their momentum or would give way to IT, and that (b) IT innovators boosted the stock market's value only in the 1980s.

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Year of publication:	1999
Authors:	Greenwood, J. ; Jovanovic, B.
Institutions:	University of Rochester - Center for Economic Research (RCER)
Subject:	STOCK MARKET \| INFORMATION \| TECHNOLOGY

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Extent:	application/pdf
Series:	RCER Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 460 15 pages
Classification:	D82 - Asymmetric and Private Information ; O32 - Management of Technological Innovation and R&D ; G10 - General Financial Markets. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005200792