nep-ict New Economics Papers
on Information and Communication Technologies
Issue of 2010‒02‒05
two papers chosen by
Walter Frisch
University Vienna

  1. Read All About it!! What happens following a technology shock? By Michelle Alexopoulos
  2. Customer Trading in the Foreign Exchange Market: Empirical Evidence from an Internet Trading Platform By Sandra Lechner; Ingmar Nolte

  1. By: Michelle Alexopoulos
    Abstract: Existing indicators of technical change are plagued by shortcomings. I present here new measures based on books published in the field of technology that resolve many of these problems and use them to identify the impact of technology shocks on economic activity. They are positively linked to changes in R&D and scientific knowledge and capture the new technologies’ commercialization dates. Changes in information technology are found to be important sources of economic fluctuations in the post-WWII period and total factor productivity, investment and, to a lesser extent, labor are all shown to increase following a positive technology shock.
    Keywords: business cycles, technical change, information technologies
    JEL: E32 O3
    Date: 2010–01–26
  2. By: Sandra Lechner; Ingmar Nolte
    Date: 2009

This nep-ict issue is ©2010 by Walter Frisch. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.