An acceleration in the growth of communications bandwidth in use and a rapid reduction in bandwidth prices have not accompanied the U.S. economy’s strong performance in the second half of the 1990s. Overall U.S. bandwidth in use has grown robustly throughout the 1990s, but growth has not significantly accelerated in the second half of 1990s. Average prices for U.S. bandwidth in use have fallen ...

The role and influence of information technology related to business and value creation of a firm are discussed controversially. The question how technology can drive service innovations is especially crucial in highly competitive and quickly developing areas such as digital platforms – and at the same time not well understood. This study investigates the role of information technology for serv...

The importance of knowledge management to business increases and there are few signs that the pace would slow down. This is due to the fact that more and more of the added value companies create is built on the tacit and explicit knowledge that individuals possess and create. The purpose of a company is, by its existence, to produce more value than individual actors operating alone. One of the ...

This is the first large-scale examination of initial public offerings in the German market segment Neuer Markt. As such, it represents a powerful sample to examine the pricing process and long-run performance of the 325 initial public offerings taking place between 1997 and 2001 at the Neuer Markt. The initial returns seem to be higher in the “New Economy”; we find an mean initial return of 49....

The growth of the Malaysian economy has gone through several phases and strategies from inputdriven to productivity-driven and knowledge-based-driven, which is in line with the world scenario. The knowledge-based-driven of economic growth is crucial as it will raise level of competitiveness of the country, especially in facing the world challenges. This paper attempts to observe to what extent ...

Increasingly commentators talk about the Information Age. Stewart (1998:21) even goes as far as designating 1991 as Year One – the year that [capital] 'spending for production technology [in the US] was $107 billion and information technology spending was $112 billion'. In this new age, 'knowledge and information take on their own reality, which can be detached from the physical movement of goo...

BACKGROUND Economists believe that barter is the ultimate cause of social wealth--and even much of our human culture--yet little is known about the evolution and development of such behavior. It is useful to examine the circumstances under which other species will or will not barter to more fully understand the phenomenon. Chimpanzees (Pan troglodytes) are an interesting test case as they are a...

The “New Economy” is the most virulent part of the Knowledge-Based Economy. It is an important stepping-stone towards it. For this reason, many people wrongly believe that the “New Economy” is already the next stage of the economy. The New Economy is very visible, but so far it is still only a small part of the total economy. Nevertheless, there is no part of the economy that will remain untouc...

The authors of this article conduct research at The International Institute for Applied Systems Analysis, Schlossplatz 1, A-2361 Laxenburg, Austria. Lars Carlsson, Ph.D., is a research scholar at IIASA where he is engaged, together with Mats-Olov Olsson, M.A. and Nils-Gustav Lundgren, Ph.D., in a sub-study on institutional aspects of the Russian forest sector within IIASA’s Forest Resources Pro...