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Transformational Growth in the 1990s: Government, Finance and High-tech

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  • Davide Gualerzi
  • Edward Nell

Abstract

Our aim is to understand how the process of transformational growth during the 1990s shaped the boom and bust of the New Economy. From the debate on new technologies and productivity growth, we move on to consider the questions raised by technological developments of the 1990s. Our focus is on the three-way relationship between the development of information and communications technologies, structural change and economic growth, as the key determinants of the cycle of expansion. This brings to the fore the effects of private investment driven by high-technology but we also need to consider the role played by finance and macro policy, and, in particular, the government budget.

Suggested Citation

  • Davide Gualerzi & Edward Nell, 2010. "Transformational Growth in the 1990s: Government, Finance and High-tech," Review of Political Economy, Taylor & Francis Journals, vol. 22(1), pages 97-117.
    • Handle: RePEc:taf:revpoe:v:22:y:2010:i:1:p:97-117
    DOI: 10.1080/09538250903214867
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    1. Davide Gualerzi, 2001. "Consumption and Growth," Books, Edward Elgar Publishing, number 2433.
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    Cited by:

    1. Vasja Roblek & Maja Meško & Mirjana Pejić Bach & Oshane Thorpe & Polona Šprajc, 2020. "The Interaction between Internet, Sustainable Development, and Emergence of Society 5.0," Data, MDPI, vol. 5(3), pages 1-27, September.
    2. Davide Gualerzi, 2010. "The Paths of Transformational Growth," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 8, Edward Elgar Publishing.
    3. Davide Gualerzi, 2011. "Long-term Depression and New Markets: Economists and the 2008 Recession," Chapters, in: Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), The First Great Recession of the 21st Century, chapter 12, Edward Elgar Publishing.

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