Projecting the Economic Impact of the Internet
Abstract
In this paper we analyze the impact of the Internet on the performance of the economy and the standard of living of average Americans. Our analyses illustrate that even though the stock market’s speculative bubble has burst, the Internet will continue to have a significant impact on old economy industries and as a result generate real benefits for the overall economy.
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It is difficult for countries to completely disconnect from the global Internet because it is vital for maintaining ties with the global economy and hard to lock down because it is an important source of entertainment and information.
“It is difficult for countries to completely disconnect from the global Internet because it is vital for maintaining ties with the global economy (173) and it is hard to lock down because it is an important source of entertainment and information (77).”
From Physical and virtual repertoires of contention (2022) · cites this paper as [173]
Cites
The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?
Oliner, S. D., & Sichel, D. E. (2000) · Journal of Economic Perspectives · doi:10.1257/jep.14.4.3 · Cited by 1,845 · see citing works
Raising the Speed Limit: U.S. Economic Growth in the Information Age
Jorgenson, D. W., & Stiroh, K. J. (2000) · Brookings Papers on Economic Activity · doi:10.1353/eca.2000.0008 · Cited by 1,462 · see citing works
Does the “New Economy” Measure up to the Great Inventions of the Past?
Gordon, R. J. (2000) · Journal of Economic Perspectives · doi:10.1257/jep.14.4.49 · Cited by 1,206 · see citing works
Economic growth in the information age
Jorgenson, D. W. (2002) · Cited by 242 · see citing works
Economies of scale and technological development in securities depository and settlement systems
Schmiedel, H., Malkamäki, M., & Tarkka, J. (2005) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2005.09.003 · Cited by 80 · see citing works
Technology, automation, and productivity of stock exchanges: International evidence
Hasan, I., Malkamäki, M., & Schmiedel, H. (2003) · Journal of Banking & Finance · doi:10.1016/s0378-4266(03)00099-2 · Cited by 50 · see citing works
Clemons, E. K., & Hitt, L. M. (2000) · RePEc: Research Papers in Economics · Cited by 47 · see citing works
The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?
Sichel, D. E., & Oliner, S. D. (2000) · Finance and Economics Discussion Series · doi:10.17016/feds.2000.20 · Cited by 46 · see citing works
Beyond the Dot.coms: The Economic Promise of the Internet
Litan, R. E., & Rivlin, A. M. (2001) · Cited by 23 · see citing works
Self-citationThe New Economy: Reality and Policy
Reenen, J. M. V. (2001) · Fiscal Studies · doi:10.1111/j.1475-5890.2001.tb00044.x · Cited by 18 · see citing works
Goolsbee, A. (2001) · Cited by 12 · see citing works
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Mobile Phones and Economic Development in Africa
Aker, J. C., & Mbiti, I. M. (2010) · Journal of Economic Perspectives · doi:10.1257/jep.24.3.207 · Cited by 2,216 · see citing works
Does the “New Economy” Measure up to the Great Inventions of the Past?
Gordon, R. J. (2000) · Journal of Economic Perspectives · doi:10.1257/jep.14.4.49 · Cited by 1,206 · see citing works
Earl, J. (2022) · Science Advances · doi:10.1126/sciadv.abl8198 · Cited by 250 · see citing works
Digital Transformation and Disruption of Higher Education
(2022) · doi:10.1017/9781108979146 · Cited by 23 · see citing works
- Authors
- Litan, R. E., & Rivlin, A. M.
- Affiliations
- Brookings Institution (US)
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2001-05-01
- Volume
- 91
- Issue
- 2
- Pages
- 313-317
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3049101820
- Cited by
- 265
- References
- 11
- Citations by year
- 2026: 4 · 2025: 7 · 2024: 13 · 2023: 17 · 2022: 16 · 2021: 14 · 2020: 10 · 2019: 7 · 2018: 4 · 2017: 7 · 2016: 8 · 2015: 10 · 2014: 15 · 2013: 10 · 2012: 12
- FWCI
- 49.33
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- American Economic Review (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Physical Sciences › Engineering › Media Technology › ICT Impact and Policies
- Social Sciences › General Social Sciences › Information Society and Technology Trends
- Physical Sciences › Computer Science › Information Systems › Economic Growth and Development
- Keywords
- internet, economic impact, living standards, stock market bubbles, economic performance, information technology
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
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