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The Debate Surrounding The New Economy: An Approach For An Analysis

Author

Listed:
  • Margarita Billón Currás

    (Universidad Autónoma de Madrid)

  • Nuria Hernández Nanclares

    (Universidad de Oviedo)

  • Fernando Lera López

    () (Departamento de Economía-UPNA)

Abstract

The current debate over the possible existence of a "new economy" calls for an interpretation and analysis of the phenomenon from various points of view. Thus, the first part of the article contains a description of some of its main characteristics viewed both from the microeconomic and macroeconomic perspective. The fundamental role of Information and Communications Technology (ICT) is highlighted in both cases. The second part of the article discusses the major problems involved in measuring this phenomenon and the available data relating to it. This gives an indication not only of the importance of "the new economy" but also of the difficulties involved in estimating its dimensions.

Suggested Citation

  • Margarita Billón Currás & Nuria Hernández Nanclares & Fernando Lera López, 2001. "The Debate Surrounding The New Economy: An Approach For An Analysis," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 0110, Departamento de Economía - Universidad Pública de Navarra.
  • Handle: RePEc:nav:ecupna:0110
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    Keywords

    new economy; Information and Communications Technology (ICT); electronic market; measurement and quantification of the new economy; Internet.;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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