View More View Less
  • 1 Leon Koźmiński Academy of Entrepreneurship and Management, ul. Jagiellońska 59, 03-301 Warsaw, Poland
Restricted access

Purchase article

USD  $25.00

1 year subscription (Individual Only)

USD  $700.00

The contribution of the so-called ‘New Economy’ to economic growth in developing countries has so far been minimal. Nonetheless, in the longer run the ‘New Economy’ offers great potential for faster economic growth in post-socialist economies. Realising this potential is, however, not automatic. It could be left unharnessed if there is no suitable institutional and economic infrastructure that would allow for adoption, diffusion, and productive use of information and communication technologies (ICT). The paper here will construct a New Economy Indicator (NEI) that measures the levels of preparedness of transition economies for harnessing the potential of ICT to accelerate long-term economic growth and a catching-up with the developed countries. In the NEI ranking Slovenia scored highest; it is followed by the Czech Republic and Hungary. Albania, Bosnia and Herzegovina, and Serbia–Montenegro (former Yugoslavia) occupy the bottom of the table.

  • Barro, R. J., Sala-i-Martin, X. (1995): Economic Growth, New York: McGraw-Hill.

  • Bassanini, A., Scarpetta, S. (2001): Does Human Capital Matter for Growth in OECD Countries? Evidence from Pooled Mean-group Estimates. Paris: OECD, Economics Department, Working Paper No. 289.

    • Search Google Scholar
    • Export Citation
  • Bassanini, A., Scarpetta, S., Hemmings, P. (2001): Economic Growth: The Role of Policies and Institutions. Panel Date Evidence from OECD Countries, Paris: OECD, Economics Department, Working Paper, No. 283.

    • Search Google Scholar
    • Export Citation
  • Blaug, M. (1994): Teoria Ekonomii. Ujêcie retrospektywne (Theory of Economics. Retrospective View). Warszawa: PWN.

  • Brdulak, H. (2002): Ranking Firm Transportowo-Spedycyjno-Logistycznych (TSL) 2002. (The Ranking of Transport-Spedition-Logistics Firms), Kolumna Transportowa, Rzeczpospolita, 27 June. From: http://www.rp.pl/dodatki/transport_020627/transport_a_5.html

    • Search Google Scholar
    • Export Citation
  • Bruno, M., Easterly, W. (1996): Inflation and Growth: In Search of a Stable Relationship. Federal Reserve Bank of St. Louis Review, Vol. 78, No. 3, pp. 139146.

    • Search Google Scholar
    • Export Citation
  • Business Software Alliance (2001): From http://www.bsa.org/usa/antipiracy/piracyticker.phtml

  • Clague, C. (ed.) (1997): Institutions and Economic Development: Growth and Governance in Less-Developed and Post-Socialist Countries, Baltimore MD: Johns Hopkins University Press.

    • Search Google Scholar
    • Export Citation
  • Clague, C., Kiefer, P., Knack, S., Olson, M. (1997): Institutions and Economic Performance: Property Rights and Contract Enforcement. In C. Clague (ed.). Institutions and Economic Development: Growth and Governance in Less-Developed and Post-Socialist Countries, Baltimore MD: Johns Hopkins University Press, pp. 6790.

    • Search Google Scholar
    • Export Citation
  • Coe, D. T., Helpman, E. (1995): International R&D Spillovers. European Economic Review, Vol. 39, pp. 859887.

  • David, P. (2000): Understanding Digital Technology’s Evolution and the Path of Measured Productivity Growth: Present and Future in the Mirror of the Past. In: E. Brynjofsson and B. Kahin (eds): Understanding the Digital Economy, MIT Press.

    • Search Google Scholar
    • Export Citation
  • Deiss, R. (2002): Information Society Statistics. Data for Candidate Countries. Eurostat. Statistics in Focus, Theme 4–17/2002. From http://europa.eu.int/comm/ eurostat

    • Search Google Scholar
    • Export Citation
  • De Masi, P., M. Estevao, L. Kordes (2001): Who has a New Economy? Finance & Development, Vol. 39, No. 2. June.

  • Dewan, S., Kraemer, K. L. (2000): Information Technology and Productivity. Evidence from Country Level Data. Management Science, Special Issue on the Information Industries, Vol. 46, pp. 548562.

    • Search Google Scholar
    • Export Citation
  • DiS (2001): Informatyczne systemy bankowe (Information Systems in Banking). Biuro Badawczo-Analityczne DiS, August. From : http://www.mastertext.com.pl/dis/raporty/isb01/isb01ip.htm

    • Search Google Scholar
    • Export Citation
  • Easterly, W. (2001): The Elusive Quest for Growth, Boston MA: MIT Press.

  • EBRD (2001): Transition Report 2001, London: European Bank for Reconstruction and Development.

  • Economist (1999): Working Man’s Burden. 4 February.

  • Economist (2000): Untangling E-conomics. 23 September.

  • Economist (2001a): Brave New World. 18 October.

  • Economist (2001b): Statistical Illusions. 8 November.

  • Economist (2001c): Irrational Pessimism. 6 December.

  • EITO (2002): European Information Technology Observatory 2002. Frankfurt/Main: European Information Technology Observatory. hhtp://www.eito.com

    • Search Google Scholar
    • Export Citation
  • Global Entrepreneurship Monitor (2001): Executive Report. From hhtp://www.entreworld.org

  • Greenwood, J., Smith, B. (1997): Financial Markets in Development and the Development of Financial Markets. Journal of Economic Dynamics and Control, Vol. 21, No. 1, pp. 145181.

    • Search Google Scholar
    • Export Citation
  • Hall, R. E., Jones, C. I. (1996): The Productivity of Nations. NBER Working Paper, No. W5812, November. From http://papers.nber.org/papers/W5812

    • Search Google Scholar
    • Export Citation
  • Heath, J. (2001): Venture Capital and Private Equity Investment in Poland. Dresdner Kleinwort Capital, Mimeo.

  • IDC (2000): The 1999 IDC Worldwide Black Book, New York: International Data Corporation.

  • IMF (2001): World Economic Outlook. The Information Technology Revolution. Chapter III, Washington DC: International Monetary Fund. October, pp. 103–142. From http://www.imf.org/external/pubs/ft/weo/2001/02/pdf/chapter3.pdf

    • Search Google Scholar
    • Export Citation
  • ITU (2002): ITU World Telecommunication Indicators 2002. Geneva: International Telecommunication Union. http://www.itu.int

  • Johnston, D. (2001): Future Economic Challenges for the European Economy. WSPiZ & TIGER Distinguished Lectures Series, 5. From http://www.tiger.edu.pl/publikacje/dist/Johnston.pdf

    • Search Google Scholar
    • Export Citation
  • Jorgenson, D. W., Stiroh, K. J. (2000): Raising the Speed Limit: U.S. Economic Growth in the Information Age. Brookings Papers on Economic Activity, (1), pp. 125211. From http://www.ny.frb.org/rmaghome/economist/stiroh/ks_grw.pdf

    • Search Google Scholar
    • Export Citation
  • King, R., Levine, R. (1993): Finance and Growth: Schumpeter might be Right. Quarterly Journal of Economics, Vol. 108, No. 3, pp. 513542.

    • Search Google Scholar
    • Export Citation
  • Kolodko, G. W. (2001): The “New Economy’ and the Old Problems. Prospects for Fast Growth in Post-Socialist Countries. Zagreb International Review of Economics & Business, Vol. 4, No. 2, pp. 7190.

    • Search Google Scholar
    • Export Citation
  • Kraemer, K. L., Dedrick, J. (2001): Information Technology and Economic Development: Results and Policy Implications of Cross-Country Studies. In M. Pohjola (ed.): Information Technology, Productivity, and Economic Growth, Oxford: Oxford University Press.

    • Search Google Scholar
    • Export Citation
  • Krugman, P. R. (1997): Development, Geography, and Economic Theory (Ohlin Lectures), Boston MA: MIT Press.

  • Laafia, I. (2000): R&D Expenditure and Personnel in Candidate Countries and the Russian Federation in 1998. Eurostat. Statistics in Focus, Theme 9–3/2000. From http://europa.eu.int/comm/eurostat

    • Search Google Scholar
    • Export Citation
  • Levine, R. (1997): Financial Development and Economic Growth: Views and Agenda. Journal of Economic Literature, Vol. 35, No. 2, pp. 688726.

    • Search Google Scholar
    • Export Citation
  • Mohnen, P. (2001): International R&D Spillovers and Economic Growth. In M. Pohjola (ed.): Information Technology, Productivity, and Economic Growth, Oxford: Oxford University Press.

    • Search Google Scholar
    • Export Citation
  • Mosdorf, S. (1998): quoted in Summary Report “Knowledge –The Shift in Paradigm”. Berlin, Villa Borsig. From: http://www.dse.de/ef/rep1098e.htm

    • Search Google Scholar
    • Export Citation
  • NBP (2002): Sytuacja finansowa banków w 2001 roku (Financial Situations of Banks in 2001). National Bank of Poland, May. From: http://www.nbp.pl/statystyka/wyniki_dwn/synteza2001.pdf

    • Search Google Scholar
    • Export Citation
  • North, D. C. (1990): Institutions, Institutional Change, and Economic Performance, Cambridge: Cambridge University Press.

  • North, D. C. (1994): Economic Performance through Time. American Economic Review, Vol. 84, pp. 359368.

  • North, D. C. (1997): The Contribution of the New Institutional Economics to an Understanding of the Transition Problem. WIDER Annual Lectures 1. Helsinki: UNU/WIDER. March.

    • Search Google Scholar
    • Export Citation
  • OECD (1999): Implementing the OECD Jobs Strategy: Assessing Performance and Policy, Paris: Organisation for Economic Co-operation and Development. September.

    • Search Google Scholar
    • Export Citation
  • OECD (2001a): The New Economy: Beyond the Hype, Paris: Organisation for Economic Co-operation and Development.

  • OECD (2001b): The Science, Technology, and Industry Scoreboard 2001. From http://www1.oecd.org/publications/e-book/92-2001-04-1-2987/gB-2-b.htm

    • Search Google Scholar
    • Export Citation
  • Pohjola, M. (ed.) (2001): Information Technology, Productivity, and Economic Growth, Oxford: Oxford University Press.

  • Quah, D. (2001): Technology Dissemination and Economic Growth: Some Lessons for the New Economy. Paper delivered in a public lecture as part of the University of Hong Kong’s 90th Anniversary Celebrations, July. From http://econ.lse.ac.uk/staff/dquah/p/0201hku.pdf

    • Search Google Scholar
    • Export Citation
  • Rzeczpospolita (2001): Faktura z sieci (An Invoice from the Net). Nauka i Technika, 12 March. Fromhttp://arch.rp.pl/a/rz/2001/12/20011203/200112030058.

  • Schumpeter, J. (1912): The Theory of Economic Development, Boston MA: Harvard University Press. Translated into English in 1934.

  • Simon, H. (1971): “Designing Organizations for an Information-rich World”. In M. Greenberg (ed.): Computers, Communications and the Public Interest, Baltimore: The Johns Hopkins Press, pp. 40–41.

    • Search Google Scholar
    • Export Citation
  • Solow, R. (1957): Technical Change and the Aggregate Production Function. Review of Economics and Statistics, Vol. 39, No. 3, pp. 31220, August.

    • Search Google Scholar
    • Export Citation
  • Stiglitz, J. E. (1998): More Instruments and Broader Goals: Moving toward the Post-Washington Consensus. WIDER Annual Lectures 2. Helsinki: UNU/WIDER. January.

    • Search Google Scholar
    • Export Citation
  • Stiroh, K. (1999): Is there a New Economy? Challenge, July/August, pp. 82–101.

  • Stiroh, K. (2002a): Information Technology and the U.S. Productivity Revival: A Review of the Evidence. Business Economics, Vol. XXXVII, No. 1, January, pp. 3037. From: http://www.ny.frb.org/rmaghome/economist/stiroh/ks_busec.pdf

    • Search Google Scholar
    • Export Citation
  • Stiroh, K. (2002b): New and Old Economics in the ‘New Economy’. In Economic Policy in the New Economy, Kiel Institute of World Economics.

    • Search Google Scholar
    • Export Citation
  • Thurow, L. (1997): The Future of Capitalism: How Today’s Economic Forces Shape Tomorrow’s World, New York: Penguin Books.

  • UNDP (2001): Human Development Report 2001. United Nations Development Programme. From http://www.undp.org/hdr2001/back.pdf.

  • Welfe, W., Florczak, W., Sabanty, L. (2001): Ekonometryczne Modelowanie Postfpu Technicznego, Jego Efektów Oraz Xródel (Econometric Modeling of Technological Progress). In W. Welfe (ed.): Ekonometryczny model wzrostu gospodarczego (Econometric Model of Economic Growth). Lódx: Wydawnictwo Uniwersytetu Lódzkiego, pp. 124128.

    • Search Google Scholar
    • Export Citation
  • WIDER (2002): The ‘New Economy’ and Economic Growth in Transition Economies. The Relevance of Institutional Infrastructure. Discussion Paper 2002/62, Helsinki: United Nations University World Institute for Development Economics Research.

    • Search Google Scholar
    • Export Citation
  • WITSA (2002) “Digital Planet 2002: The Global Information Economy”. Vienna, World Information Technology and Services Alliance.

  • World Bank (1998): World Development Report 1998/99: Knowledge for Development, Oxford: Oxford University Press.

  • World Bank (2002): World Development Report 2002: Building Institutions for Markets, Oxford: Oxford University Press.

  • World Economic Forum (2001): Global Competitiveness Report 2001–2002. From http:// www.cid.harvard.edu/cr/pdf/GCR0102%20Exec%20Summary.pdf

    • Search Google Scholar
    • Export Citation
  • Zinnes, C., Eilat, Y., Sachs, J. (2001): Benchmarking Competitiveness in Transition Economies. Economics of Transition, Vol. 9, No. 2, pp. 315353.

    • Search Google Scholar
    • Export Citation
Submit Your Manuscript
 
The author instruction is available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

 

Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

Indexing and Abstracting Services:

  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index
  • Index Copernicus

 

2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
SNIP  
Days from  289
sumbission  
to acceptance  
Days from  447
acceptance  
to publication  

2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2021 Online subsscription: 588 EUR / 732 USD
Print + online subscription: 688 EUR / 860 USD
Subscription fee 2022 Online subsscription: 600 EUR / 750 USD
Print + online subscription: 704 EUR / 880 USD
Subscription Information Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Publication
Programme
2021 Volume 71
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)