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The late 1990s saw one of the most rapid diffusions of a new technology seen in history. Within the space of 5 years the number of Internet users reached 50 million. This compares with the 13 years required by TV to reach the same number of users in the 1950s and 1960s, and the 40 years that...
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capital accumulation in information technologies did make a contribution to growth in the EU too, though not equally … in Finland, Ireland and Denmark. These were also the fast EU growing countries in the 1990s. New technologies contributed … growers . I conclude that the growth gaps between the EU and the US, as well as within the EU, can (also) be associated to the …
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From a macroeconomic perspective the term "new economy" describes a phenomenon of persistent strong and low-inflation growth due to the large diffusion of information and communication technologies (ICT). This paper looks into Europe's position with respect to the new-economy phenomenon. Section...
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Using sectoral intangible investment data we confirm that intangible capital is a significant determinant of labour productivity growth. The sectoral setting further allows us to identify the differential impacts of intangible capital across industries with varying degrees of ICT intensity....
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