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Integrating Theory and Policy

In: Digitalization in Open Economies

Author

Listed:
  • Michael Vogelsang

    (University of Wuppertal)

Abstract

There is a vicious cycle of dynamic interdependencies between macroeconomic variables, firm behaviour, and the policy set-up. Policy influences business strategies; market outcomes influence macroeconomic figures and policy. Regarding networks, IT services and digital goods, this cycle is especially driven by new technological developments – and specific skills. Pilat and Devlin (2004) emphasize the self-enforcing effect: having a strong ICT sector may help generate skills needed to benefit from ICT use.1

Suggested Citation

  • Michael Vogelsang, 2010. "Integrating Theory and Policy," Contributions to Economics, in: Digitalization in Open Economies, chapter 0, pages 209-215, Springer.
    • Handle: RePEc:spr:conchp:978-3-7908-2392-9_10
    DOI: 10.1007/978-3-7908-2392-9_10
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