Measuring and Sustaining the New Economy:: Report of a Workshop

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National Academies Press, Feb 8, 2002 - Business & Economics - 268 pages
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Sustaining the New Economy will require public policies that remain relevant to the rapid technological changes that characterize it. While data and its timely analysis are key to effective policy-making, we do not yet have adequate statistical images capturing changes in productivity and growth brought about by the information technology revolution. This report on a STEP workshop highlights the need for more information and the challenges faced in measuring the New Economy and sustaining its growth.

  

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Contents

Executive Summary
3
INTRODUCTION
7
PROCEEDINGS
29
Introduction
31
Welcome to the New Economy
32
Defining and Measuring the New Economy
44
US Economic Growth in the Information Age
50
Drivers of the New Economy
60
The Challenge to Getting There
95
Applications and Policy Issues
100
Communications
101
Economic Issues of EBusiness
105
EBusiness Policy Issues
111
Investments in Information Technology Applications
115
The Change Dynamic
119
Roundtable Discussion
124

The Arival of the New Economy
62
Economica of the New Economy
69
Five Trends
74
The Phenomenon of Price Declines
82
Communications and Software
89
Communications
90
APPENDICES
135
Raising the Speed Limit US Economic Growth in the Information Age
137
Biographies of Speakers
223
Participants List
239
Bibliography
243
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