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Is the New Economy Wearing Out?

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  • Dean Baker

Abstract

The economy certainly boomed in the late 1990s. But much of the expansion was based on computers and software that either wear out or become obsolete much more quickly than did traditional capital investment in the past. The rise in a nation's standard of living, however, depends on spending after allowance for such deterioration�which is usually an expense for business. This economist analyzes how well the United States really did.

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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Challenge.

Volume (Year): 45 (2002)
Issue (Month): 1 (January)
Pages: 117-121

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Handle: RePEc:mes:challe:v:45:y:2002:i:1:p:117-121

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106043

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Cited by:
  1. Jinghai Zheng & Angang Hu & Arne Bigsten, 2009. "Potential output in a rapidly developing economy: the case of China and a comparison with the United States and the European Union," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 317-342.
  2. Jonathan Temple, 2002. "An Assessment of the New Economy," Bristol Economics Discussion Papers 02/542, Department of Economics, University of Bristol, UK.

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