By Bai Chong-En Yuen Chi-Wa
Essentially the most very important forces riding financial functionality within the usa and different international locations in the course of the Nineteen Nineties was once the increase of data know-how. the recent know-how has had this type of major impression at the financial system that "the new financial system" emerged as a well-liked time period in either the media and academia.This ebook, written in an obtainable type, examines uncomplicated questions about the results of info expertise on numerous elements of the economic climate. the subjects comprise the courting among innovation and the inventory industry price of the innovating company; festival coverage; call for elements as determinants of development; institutional features of the innovation method; and the effectiveness of economic coverage in stabilizing the economic climate.
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Additional resources for Technology and the New Economy
2001. ’’ American Economic Review 91(5): 1203–1220. Hoover’s Online: The Business Network. 2000. Austin, TX: Hoover’s, Inc. Irwin, D. , and P. J. Klenow. 1994. ’’ Journal of Political Economy 102(6): 1200–1227. Jones, C. M. 2001. ’’ Working paper, Columbia University. , and P. L. Rousseau. 2001a. ’’ NBER Working Paper No. 8166, March. , and P. L. Rousseau. 2001b. ‘‘Why wait? ’’ American Economic Review 91(2): 336–341. , and P. L Rousseau. 2001c. ’’ Working paper, University of Chicago and Vanderbilt University.
Annual Guide to Stocks: Directory of Obsolete Securities. 2000. Jersey City, NJ: Financial Information Inc. Bradstreet’s. 1885–1925. Various issues. , and W. J. Coleman. 2001. ’’ American Economic Review 91(2): 328–335. The Commercial and Financial Chronicle. 1885–1925. Various issues. , and Associates. 1939. Common Stock Price Indexes, Cowles Commission for Research in Economics Monograph No. 3. 2d ed. Bloomington, IN: Principia Press. CRSP Database. 2000. Chicago: University of Chicago Center for Research on Securities Prices.
Listing years are those for which ﬁrms enter our extended CRSP database. Incorporation dates are from Moody’s Industrial Manual (1920, 1928, 1955, 1980), Standard and Poor’s Stock Market Encyclopedia (1981, 1988, 2000), and various issues of S&P’s Stock Reports. 13. We applied the Hodrick-Prescott ﬁlter to all three series before plotting them. The data set that we used to compute waiting times is described further in Jovanovic and Rousseau 2001b. 14. S. S. Bureau of the Census 1975, 957–958) for earlier years.
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