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Foreword to the special issue 'The New Economy: Implications and Viability'

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  • Raouf Boucekkine

    (GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Etienne Wasmer

    (ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

Abstract

This special issue of Louvain Economic Review is devoted to the 'New Economy'.Indeed, a few months after the rapid decline in the stock market for new technologies in most places in the world, it was time to try to draw a balanced synthesis of the economic implications of the so-called New Economy. A few figures are needed to realize why the last decade was indeed an exceptional period, according to historical standards.First of all, the increasing role of information technologies is simply overwhelming.Ov er the last decade, the real value of business investment in the USA has been multiplied by 22 for computers and peripherals, 3 for communication equipment, and 6 for software (...).

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  • Raouf Boucekkine & Etienne Wasmer, 2002. "Foreword to the special issue 'The New Economy: Implications and Viability'," SciencePo Working papers Main hal-01017592, HAL.
    • Handle: RePEc:hal:spmain:hal-01017592
    DOI: 10.3917/rel.681.0003
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-01017592
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