1st Edition

The Coming of Age of Information Technologies and the Path of Transformational Growth A long run perspective on the late 2000s recession

By Davide Gualerzi Copyright 2010
    192 Pages
    by Routledge

    192 Pages
    by Routledge

    In this book, Davide Gualerzi employs the concept of transformational growth to explore the investment-driven cycle of expansion of the 1990s in the US economy, and of the of role played by the ICT sector.

    The book articulates a view of demand-led growth in which the focus is on effective demand, the composition of the growth process and the link between changing composition and expansion.

    Part 1: Demand-Led Growth and Structural Change  1. Growth Theory from a Demand-Side Perspective  2. Transformational Growth and the Structural Dynamics of Market Creation  3. Growth, Effective Demand and the Composition of Output  Part 2: The 1990s Expansion: Technology, Investment and New Markets  4. The 1990s: The Boom and the Bust of the "New Economy"  5. Information and Communication Technologies: Productivity and Structural Change  6. The Technology, Investment, New Markets Relationship: The Forward and Backward Linkages  7. The Transformation of the Consumption Sphere and Market Creation  Part 3: Two Decades of Structural Transformation in the US Economy: The Path of Transformational Growth  8. From the Recovering 1980s to the Booming 1990s  9. Innovative Investment and Long Term Development: Questions from the 1990s  10. The Path of Transformational Growth

    Biography

    Davide Gualerzi is Associate Professor at the University of Padua, Italy.

    "Explores the recent pattern of growth in advanced economies, especially the United States, centered on the expansion of information and communication technologies and the consequences of that expansion…" – Journal of Economic Literature (June 2010)