This book is an analysis of the economic effects of the ICT revolution, and answers a few key questions: Did the ICT revolution contribute to the recent divergence in the growth record? And if this is the case, how and why were some countries better equipped to exploit the potential of ICT? It assembles the work of two teams of leading economists, focusing on the role that the ICT revolution has played in advanced countries, and assessing whether or not the digital economy will indeed result in a more competitive and more equal world.
Part I: The Spread of ICT and Productivity Growth: Is Europe Really Lagging Behind in the New Economy?Edited by Stefano Scarpetta; Team members: Eric Bartelsman, Andrea Bassanini, John Haltiwanger, Ron Jarmin, Stefano Scarpetta, and Thorsten Schank Introduction and Overview 1. What is the Role of ICT in Shaping Recent Growth Patterns in the United States and Other OECD Countries? - Some Aggregate Evidence 2. Scraping the Surface: what Lies behind Aggregate Growth Patterns? Industry- and Firm-Level Evidence 3. Productivity, Investment in ICT, Human Capital and Changes in the Organisation of Work: Micro Evidence from Germany and the U.S. 4. ICT and Growth: the Role of Factor and Product Markets 5. Do Policy and Regulatory Settings Help to Explain Industry Differences in Productivity and Innovation Activities across OECD Countries? Appendix Comments,Robert J. Gordon, Alan B. Krueger Part II: Internet: the Elusive Quest for a Frictionless EconomyCo-ordinated by Daniel Cohen; Team members: Bruno Amable, Philippe Askenazy, Andrea Goldstein, and David O'Connor Introduction and Overview 6. Markets and Consumers 7. Firms And Suppliers (B... 2b Or Not 2b?) 8. Supply Chains, Market Access and the Internet: A View from the South Appendices Comments,John Martin, Jan Svejnar ConclusionG?sta Esping-Anderl±