Digitalization in Open Economies: Theory and Policy Implications

✍ Scribed by Michael Vogelsang (auth.)

• Publisher: Physica-Verlag Heidelberg
• Year: 2010
• Tongue: English
• Leaves: 270
• Series: Contributions to Economics
• Edition: 1
• Category: Library

✦ Synopsis

Digital strings are not visible, but affect all economic segments. This book studies the phenomenon of digitalization with the instruments of economics in order to explore the interdependencies between digitalization, economic policy, and macroeconomic variables of open economies. Digitalization is separated into the three components networks, IT services, and digital goods which are then incorporated into macroeconomic models of trade theory in open economies. This approach allows to formally describe the cross-effects between digitalization and macroeconomic variables of a country. Specifically, it is used to analyze interdependencies between macroeconomic variables and networks, IT services, and digital goods, and to determine the challenges of digitalization for economic policy and regulation.

✦ Table of Contents

Front Matter....Pages i-xvi
Front Matter....Pages 1-1
Introduction....Pages 3-6
Digitalization....Pages 7-56
Front Matter....Pages 58-58
Theoretical Foundations....Pages 59-94
Networks in a Fragmentation Model....Pages 95-102
IT Services in a General Equilibrium Macro-Model....Pages 103-128
Model: Entry of a Digital Goods Producer....Pages 129-140
Comparison of the Models....Pages 141-146
Front Matter....Pages 148-148
General Political Perspectives....Pages 149-175
Policy for Networks, Services, Digital Goods....Pages 177-207
Integrating Theory and Policy....Pages 209-215
Summary....Pages 217-221
Appendices....Pages 223-244
Back Matter....Pages 245-262

✦ Subjects

International Economics; Business Information Systems