The New Economy: Reality and Policy

Fiscal Studies

Volumn 22, Issue 3, 2001, Pages 307-336

  Van Reenen, John ^a  

^a INSTITUTE FOR FISCAL STUDIES   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0011638739     PISSN: 01435671     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1475-5890.2001.tb00044.x     Document Type: Article

References (76)

1. Aghion, P. and Howitt, P. (1998), Endogenous Growth Theory, Cambridge, MA: MIT Press.
2. Bailey, J. (1998), 'Intermediation and electronic markets: aggregation and pricing in Internet commerce', Ph.D. thesis, Department of Electrical Engineering and Computer Science, Massachusetts Institute of Technology, 20 May.
3. Bailey, M. and Lawrence, R. (2001), 'Do we have a new E-conomy?', American Economic Review, vol. 91, pp. 308-12.
4. Bell, B., Blundell, R. and Van Reenen, J. (1999), 'Getting the unemployed back to work: the role of wage subsidies', International Tax and Public Finance, vol. 6, pp. 339-60.
5. Benhabib, I. and Spiegel, M. (1994), 'The role of human capital in economic development: evidence from aggregate cross-country data', Journal of Monetary Economics, vol. 34, pp. 143-73.
6. Blank, R. and Card, D. (2000), Finding Jobs: Work and Welfare Reform, New York: Russell Sage Foundation.
7. Bloom, N., Griffith, R. and Van Reenen, J. (2001), 'Do R&D tax credits work? Evidence from an international panel of countries 1979-96', Journal of Public Economics, forthcoming.
8. _ and Van Reenen, J. (1998), 'Regulating drag prices; where do we go from here?', Fiscal Studies, vol. 19, pp. 321-42.
9. Blundell, R., Card, D. and Freeman, R. (2001), Seeking a Premier League Economy, Chicago: University of Chicago Press, forthcoming.
10. _, Griffith, R. and Van Reenen, J. (1999), 'Market share, market value and innovation in a panel of British manufacturing firms', Review of Economic Studies, vol. 66, pp. 529-54.
11. _ and Preston, I. (1998), 'Consumption and income inequality', Quarterly Journal of Economics, vol. 113, pp. 603-40.
12. Bond, S. and Cummins, J. (2000), 'The stock exchange and investment in the new economy: some tangible facts and intangible fictions', Brookings Papers on Economic Activity, no. 1:2000, pp. 61-114.
13. _ and Jenkinson, T. (1996), 'The assessment: investment performance and policy', Oxford Review of Economic Policy, vol. 12, no. 2, pp. 1-29.
14. Bresnahan, T., Brynjolfsson, E. and Hitt, L. (2002), 'IT, workplace organization and the demand for skilled workers: a firm level analysis', Quarterly Journal of Economics, forthcoming.
15. _, Stern, S. and Trajtenberg, M. (1997), 'Market segmentation and the sources of rents from innovation: personal computers in the late 1980s', RAND Journal of Economics, vol. 28, Special Issue, pp. S17-S44.
16. Brookes, M. and Wahhaj, Z. (2000), 'The shocking effects of B2B', Goldman Sachs, Global Economics Paper no. 37.
17. Brown, J. and Goolsbee, A. (2001), 'Does the Internet make markets more competitive? Evidence from the life insurance industry', Journal of Political Economy, forthcoming.
18. Brynjolfsson, E. and Hitt, L. (2000), 'Beyond computation: information technology, organizational transformation and business performance', Journal of Economic Perspectives, vol. 14, no. 4, pp. 23-47.
19. _ and Smith, M. (2000), 'Frictionless commerce? A comparison of Internet and conventional retailers', Management Science, vol. 46, pp. 563-85.
20. Card, D. and Lemieux, T. (2000), 'Can falling supply explain the rising return to college for younger men? A cohort based analysis', National Bureau of Economic Research, Working Paper no. 7655.
21. Caroli, E. and Van Reenen, J. (2001), 'Organisational change and human capital: evidence from British and French enterprises in the 1980s and 1990s', Quarterly Journal of Economics, forthcoming.
22. Chennells, L. and Van Reenen, J. (1997), 'Technical change and earnings in British establishments', Economica, vol. 64, pp. 587-604.
23. _ and _ (2001), 'The effects of technical change on skills, wages and employment: a survey of the micro-econometric evidence', in N. Greenan and J. Mairesse (eds), The Economic Impact of Information and Communications Technologies, Cambridge, MA: MIT Press.
24. Cohen, W. and Levinthal, D. (1989), 'Innovation and learning: two faces of R&D', Economic Journal, vol. 99, pp. 569-96.
25. Council of Economic Advisors (2000), Economic Report of the President 2000, Washington, DC: Government Printing Office
26. Crafts, N. and O'Mahony, M. (this issue), 'A perspective on UK productivity performance', Fiscal Studies, vol. 22, pp. 271-306.
27. David, P. (1990), 'The dynamo and the computer: a historical perspective on the modern productivity paradox', American Economic Review, vol. 80, pp. 355-61.
28. Department of Trade and Industry (2000), Closing the Digital Divide: A Report by Policy Action Team, March, London: The Stationery Office.
29. Desjonqueres, T., Machin, S. and Van Reenen, J. (1999), 'Another nail in the coffin? Or can the trade based explanation of changing skill structures be resurrected?', Scandinavian Journal of Economics, vol. 101, pp. 533-54.
30. Fisher, F. (2000), 'Microsoft, monopoly power and leveraging', Massachusetts Institute of Technology, mimeo.
31. Goolsbee, A. (1998), 'Does government R&D policy mainly benefit scientists and engineers?', American Economic Review, vol. 88, pp. 298-302.
32. Gordon, R. (2000), 'Does the new economy measure up to the inventions of the past?', Journal of Economic Perspectives, vol. 14, no. 4, pp. 48-74.
33. Gosling, A. and Machin, S. (1995), 'Trade unions and the dispersion of earnings in British establishments', Oxford Bulletin of Economics and Statistics, vol. 57, pp. 167-84.
34. _, _ and Meghir, C. (2000), 'The changing distribution of male wages in the UK', Review of Economic Studies, vol. 67, pp. 635-66.
35. Griffith, R., Redding, S. and Van Reenen, J. (2000), 'Mapping the two faces of R&D: productivity growth in a panel of OECD industries', Centre for Economic Policy Research, Discussion Paper no. 2457.
36. _, _ and _ (this issue), 'Measuring the cost-effectiveness of an R&D tax credit for the UK', Fiscal Studies, vol. 22, pp. 375-99.
37. _ and Simpson, H. (1998), Productivity and the Role of Government, Commentary no. 73, London: Institute for Fiscal Studies.
38. _ and _ (2001), 'Did Boskin spoil the game? Foreign direct investment and productivity in the UK', Institute for Fiscal Studies, mimeo.
39. Griliches, Z. (1994), 'Productivity, R&D and the data constraint', American Economic Review, vol. 84, pp. 1-23.
40. _ (1996), 'The discovery of the residual: a historical note', Journal of Economic Literature, vol. 34, pp. 1324-30.
41. Hall, B. and Van Reenen, J. (1999), 'How effective are fiscal incentives for R&D? A review of the evidence', Research Policy, vol. 29, pp. 449-69.
42. Hall, R. (1999), 'The stock market and capital accumulation', National Bureau of Economic Research, Working Paper no. 7180.
43. HM Treasury (2000), Productivity in the UK: The Evidence and the Government's Approach, London: The Stationery Office (http://www.hm-treasury.gov.uk).
44. Ip, G. (2000), 'Market on a high wire', Wall Street Journal, 18 January.
45. Jorgenson, D. (2001), 'Information technology and the US economy', American Economic Review, vol. 91, pp. 1-32.
46. _ and Stiroh, K. (2000), 'Raising the speed limit: US economic growth in the Information Age', Brookings Papers on Economic Activity, no. 1, pp. 125-211.
47. Kneller, R. and Young, G. (2001), 'The new British economy', National Institute Economic Review, no. 177, pp. 70-84.
48. Kortum, S. and Lerner, J. (1998), 'Stronger protection or technological revolution: what is behind the recent surge in patenting?', Carnegie-Rochester Conference Series on Public Policy, no. 48, pp. 247-304.
49. Krueger, A. (1994), 'How computers have changed the wage structure', Quarterly Journal of Economics, vol. 108, pp. 33-60.
50. Layard, R., Nickell, S. and Jackman, R. (1991), Unemployment: Macroeconomic Performance and the Labour Market, Oxford: Oxford University Press.
51. Leadbetter, C. (2000), Living on Thin Air, London: Viking.
52. Lee, H. G. (1997), 'Do electronic marketplaces lower the price of goods?', Communications of the ACM, vol. 41, pp. 73-80.
53. Litan, R. and Rivlin, A. (2001), 'Projecting the economic impact of the Internet', American Economic Review, vol. 91, pp. 313-17.
54. Lynch, L. and Nickell, S. (2001), 'Rising productivity and falling unemployment: can the US experience be sustained and replicated?', London School of Economics, mimeo.
55. Machin, S. and Van Reenen, J. (1998), 'Technology and changes in the skill structure: evidence from seven OECD countries', Quarterly Journal of Economics, vol. 113, pp. 1215-44.
56. McKinsey Global Institute (1998), Driving Productivity Growth in the UK Economy, London.
57. Menezes-Filho, N., Ulph, D. and Van Reenen, J. (1998), 'R&D and union bargaining: evidence from British companies and establishments', Industrial and Labor Relations Review, vol. 52, pp. 45-63.
58. Moser Report (1998), Improving Literacy and Numeracy: A Fresh Start, Report of the Working Group chaired by Sir Charles Moser, London: HMSO.
59. Nelson, R. and Phelps, E. (1966), 'Investment in humans, technological diffusion and economic growth', American Economic Review, vol. 56, pp. 69-75.
60. Nickell, S., Jones, T. and Quintini, G. (2000), 'A picture of job insecurity facing British men', Economic Journal, forthcoming.
61. _ and Van Reenen, J. (2001), 'Technological innovation and economic performance in the United Kingdom', Centre for Economic Performance, Discussion Paper no. 488.
62. Nordaus, W. (2001), 'Productivity growth and the new economy', National Bureau of Economic Research, Working Paper no. 8097.
63. Oliner, S. and Sichel, D. (2000), 'The resurgence of growth in the late 1990s: is information technology the story?', Journal of Economic Perspectives, vol. 14, no. 4, pp. 3-22.
64. Oulton, N. (2001), 'ICT and productivity growth in the UK', Bank of England, mimeo, April.
65. Pencavel, J. (2001), 'The surprising retreat of trade union Britain', Stanford University, mimeo.
66. Posner, R. (2000), 'Anti-trust in the new economy', John M. Ohlin Law and Economics Working Paper no. 106.
67. Shiller, R. (2000), Irrational Exuberance, Princeton, NJ: Princeton University Press.
68. Sianesi, B. and Van Reenen, J. (2001), 'Education and economic growth: a review of the literature', Centre for Economics of Education, Discussion Paper no. 3.
69. Sichel, D. (2001), 'Information technology and economic growth in the US: an update and a look ahead', presentation to the Bank of England, May.
70. Solow, R. (1957), 'Technical change and the aggregate production function', Review of Economics and Statistics, vol. 39, pp. 312-20.
71. _ (1987), 'We'd better watch out', New York Times Book Review, 12 July, p. 36.
72. Van Reenen, J. (1997), 'Why has Britain had slower R&D growth?', Research Policy, vol. 26, pp. 493-507.
73. _ (2001), 'No more skivvy schemes? Active labour market policies and the British New Deal for Young Unemployed in context', in R. Blundell, D. Card and R. Freeman (eds), Seeking a Premier League Economy, Chicago: University of Chicago Press, forthcoming.
74. Wadhwani, S. (2000), 'Monetary challenges in a new economy', HSBC Global Investment Seminar, October (www.bankofengland.co.uk/speeches/speech103.pdf).
75. Walton, D. and Broadbent, B. (2000), 'Mismeasuring the economy', Goldman Sachs UK Weekly Analyst, 21 October.
76. Wood, A. (1994), North-South Trade, Employment and Inequality: Changing Fortunes in a Skill-Driven World, Oxford: Clarendon Press.