Advanced Search
MyIDEAS: Login

The Roots of the New Economy: An Institutional Perspective

Contents:

Author Info

  • Pascal Petit

    ()

Abstract

The factors behind the emergence of the New Economy are still poorly understood. In this article, Pascal Petit from CEPREMAP and CNRS in France provides an institutional perspective on the developmental phases or roots of this New Economy. He analyzes the structural, institutional and organizational changes associated with the New Economy and based on these developments assesses whether an acceleration of productivity growth, the touchstone of the New Economy, is likely to occur in Europe and whether it can be sustained in the United States. Petit identifies three structural factors as preconditions for the development of the New Economy: the rise in educational levels; the internationalization of economic activity; and the development and diffusion of ICTs. He argues that these preconditions have been established in developed economies and that institutional changes such as product and labour market deregulation have served as catalysts for growth. He then looks at the role of work practices and organizational relations, such as inter-firm partnerships, that build on structural and institutional changes to foster the emergence of the New Economy. Based on the fundamental changes that have already occurred, he concludes that an acceleration in productivity in Europe is likely, as is a continuation of strong productivity gains in the United States.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.csls.ca/ipm/4/petit-e.pdf
Download Restriction: no

File URL: http://www.csls.ca/ipm/4/petit-f.pdf
File Function: version en francais, pp:42-56
Download Restriction: no

Bibliographic Info

Article provided by Centre for the Study of Living Standards in its journal International Productivity Monitor.

Volume (Year): 4 (2002)
Issue (Month): (Spring)
Pages: 39-54

as in new window
Handle: RePEc:sls:ipmsls:v:4:y:2002:4

Contact details of provider:
Postal: 151 Slater Street, Suite 710, Ottawa, ON K1P 5H3
Phone: 613-233-8891
Fax: 613-233-8250
Email:
Web page: http://www.csls.ca/
More information through EDIRC

Order Information:
Email:
Web: http://www.csls.ca

Related research

Keywords: New Economy; Post-1995; Productivity; Growth; Acceleration; Institutions; Knowledge; Skills; Information; Openness; ICT; Information ; Communication; Technology; Deregulation; Organization; Asymmetry; Structural; Institutional; Organizational; Changes; Change;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Angel de la Fuente & Rafael Doménech, 2006. "Human Capital in Growth Regressions: How Much Difference Does Data Quality Make?," Journal of the European Economic Association, MIT Press, vol. 4(1), pages 1-36, 03.
  2. Jonathan Temple, 2000. "Growth Effects of Education and Social Capital in the OECD Countries," OECD Economics Department Working Papers 263, OECD Publishing.
  3. Raghuram G. Rajan & Luigi Zingales, 2001. "The Great Reversals: The Politics of Financial Development in the 20th Century," CRSP working papers 526, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
  4. Rauf Gönenç & Maria Maher & Giuseppe Nicoletti, 2000. "The Implementation and the Effects of Regulatory Reform: Past Experience and Current Issues," OECD Economics Department Working Papers 251, OECD Publishing.
  5. Jonathan Temple, 2000. "Summary of an Informal Workshop on the Causes of Economic Growth," OECD Economics Department Working Papers 260, OECD Publishing.
  6. Giuseppe Nicoletti & Stefano Scarpetta & Olivier Boylaud, 2000. "Summary Indicators of Product Market Regulation with an Extension to Employment Protection Legislation," OECD Economics Department Working Papers 226, OECD Publishing.
  7. Michael T. Kiley, 1999. "Computers and growth with costs of adjustment: will the future look like the past?," Finance and Economics Discussion Series 1999-36, Board of Governors of the Federal Reserve System (U.S.).
  8. Andrew Sharpe, 2000. "The Productivity Renaissance in the U.S. Service Sector," International Productivity Monitor, Centre for the Study of Living Standards, vol. 1, pages 6-8, Fall.
  9. Bisciari, P., 2001. "Nouvelle economie," Papers 14, Warwick - Development Economics Research Centre.
  10. Giuseppe Nicoletti, 2001. "Regulation in Services: OECD Patterns and Economic Implications," OECD Economics Department Working Papers 287, OECD Publishing.
  11. Robert J. Gordon, 2000. "Does the "New Economy" Measure up to the Great Inventions of the Past?," NBER Working Papers 7833, National Bureau of Economic Research, Inc.
  12. Jacques Mairesse & Gilbert Cette & Yussuf Kocoglu, 2000. "La mesure de l'investissement en technologies de l'information et de la communication : quelques considérations méthodologiques," Économie et Statistique, Programme National Persée, vol. 339(1), pages 73-91.
  13. Kevin J. Stiroh, 2001. "Is IT Driving the U.S. Productivity Revival?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 2, pages 31-36, Spring.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Petit, Pascal, 2004. "Interventions publiques : nouvelles contraintes, nouveaux enjeux. Le cas du soutien au système d'innovation français," CEPREMAP Working Papers (Docweb) 0504, CEPREMAP.
  2. Ester Gomes da Silva & Aurora A.C. Teixeira, 2006. "Surveying structural change: seminal contributions and a bibliometric account," FEP Working Papers 232, Universidade do Porto, Faculdade de Economia do Porto.
  3. Nayak, Purusottam & Mishra, SK, 2009. "Structural Change in Meghalaya: Theory and Evidence," MPRA Paper 15728, University Library of Munich, Germany.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:sls:ipmsls:v:4:y:2002:4. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Whitney Hamilton) The email address of this maintainer does not seem to be valid anymore. Please ask Whitney Hamilton to update the entry or send us the correct address.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.