Suchergebnisse

Is the internet a big deal? -- Why productivity is so important -- Productivity and the internet: what lies ahead? -- Benefits of the Internet that may not show up in the gdp -- Realizing the Internet's potential -- Concluding thoughts

Entrepreneurship is key to productivity growth, yet in recent decades new-firm formation has flagged. There is some evidence that business concentration may be a contributing cause. Well-designed antitrust enforcement policy, especially aimed at policing abuse of market power by dominant platforms, will be crucial to preserving opportunities for new entrants, especially in technology sectors. But antitrust procedures should also be updated to speed up decisions so that legal outcomes are not completely outpaced by technology.