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Presented at the EIB
Conference 2001
January, Luxembourg.
Published
proceedings,
vol. 6, no. 1, pp. 85 - 100.
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This paper analyzes the impact of information and communications technologies (ICT) on economic growth and agglomeration, emphasizing outcomes for regional inequality. ICT significantly displays the same features---increasing returns, knowledge spillovers---that drive both growth and agglomeration. However, in the data, cross-economy inequality has been rising for longer than has ICT been perceptibly influencing economic performance. In Europe, nation states show no special advantage in using ICT as a driver for economic growth; ICT clusters seamlessly transcend national borders. |