UNIVERSITÄT POTSDAM - Prof. Dr. Paul JJ Welfens

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Diskussionsbeitrag Nr. 98 Discussion Paper No. 98 Europäische Wirtschaft und Internationale Wirtschaftsbeziehungen European Economy und International Economic Relations Paul J.J. Welfens Andre Jungmittag Telecommunications, Internet, Innovation and Growth in Europe and the US August 2002 Editor: Prof. Dr. Paul J.J. Welfens University of Potsdam, European Economy and International Economic Relations Karl-Marx-Str. 67, D-14482 Potsdam, Germany, Tel.: (0)331-9774614, Fax: (0)331- 9774631 EUROPÄISCHES INSTITUT FÜR INTERNATIONALE WIRTSCHAFTSBEZIEHUNGEN (EIIW) ISSN 1430-5445 Key words: Internet, Growth, Internationalization, Economic Policy, EU JEL classification: C21, F14, J23, L96, O40
Page 1: UNIVERSITÄT POTSDAM EUROPÄISCHE W
Page 6 and 7: für den OECD-Außenhandel angefüh
Page 9 and 10: 1. Telecommunications, the Internet
Page 11 and 12: Fig. 1: Telecommunications-Relevant
Page 13 and 14: 1.3 Taking Stock: Transatlantic Gro
Page 15 and 16: • A risk premium emerges as refle
Page 17 and 18: ated output growth (by contrast, in
Page 19 and 20: 95 to 1995-99 is 1.09 percentage po
Page 21 and 22: less involved in the IT revolution.
Page 23 and 24: the potential of ICT dynamics by ta
Page 25 and 26: Tab 6: The Growth Contributions of
Page 27 and 28: Netherlands were indeed countries w
Page 29 and 30: Fig. 3: R&D-GDP Ratios in Selected
Page 31 and 32: market. In both the US and EU-15 a
Page 33 and 34: the presence of relative price chan
Page 35 and 36: structure capital were of equal siz
Page 37 and 38: ing some further - more technical -
Page 39 and 40: 3.2. Empirical Links Between Innova
Page 41 and 42: If the large degree of risk and unc
Page 43 and 44: 3.3 ICT as a General Purpose Techno
Page 45 and 46: duction factors and the indicator v
Page 47 and 48: Tab 9: Sources of Growth in the Bus
Page 49 and 50: Tab 10: Persons Employed in the Inf
Page 51 and 52: A number of more indirect effects c
Page 53 and 54:
this. Transaction and information c
Page 55 and 56:
Tab 11: Results for the Restricted
Page 57 and 58:
Commission has proposed expansion o
Page 59 and 60:
BUDD, A and HOBBIS, S. (1989b), Out
Page 61 and 62:
GRILICHES, Z. (1995), R&D and Produ
Page 63 and 64:
MANN, C.L. (1998), Globalization an
Page 65:
WELFENS, P.J.J., AUDRETSCH, D., ADD
Page 68 and 69:
Tab A2: Public Expenditure on Educa
Page 70 and 71:
EUR-12 4.9 5.1 5 5.1 5.2 5.5 6 6.5
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UNIVERSITÄT POTSDAM - Prof. Dr. Paul JJ Welfens

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