Digitalization in Open Economies: Theory and Policy Implications (Contributions to Economics)

Book Details

• Publisher: Physica-Verlag

• Author: Michael Vogelsang

• Language: English

• Edition: 2010 ed.

• ISBN: 9783790823912

• Pages: 270

• Cover: Hardcover

• Dimensions: 9.3 x 6.2 x 0.9 inches

About The Book

Digitalization and Macroeconomics: A Study of the Economic Implications of Digitalization in Open Economies by Michael Vogelsang, published by Physica-Verlag, explores the transformative effects of digital technologies on economic systems. This 270-page hardcover book provides a deep analysis of the relationship between digitalization, economic policy, and macroeconomic variables, making it an essential read for economists, policymakers, and scholars interested in the intersection of technology and economics.

The book takes a unique approach by breaking down digitalization into three components: networks, IT services, and digital goods. Vogelsang uses these elements as foundational components within macroeconomic models, offering a formal framework to describe the cross-effects between digitalization and various economic variables in open economies. The author delves into the challenges posed by digitalization for economic policy and regulation, shedding light on the complex interdependencies between macroeconomic systems and technological advancements.

This book is an invaluable resource for those interested in the macroeconomic implications of digital transformation, especially in relation to trade theory, economic policy development, and regulatory issues. By linking digital technologies to economic theory, Vogelsang offers readers a comprehensive understanding of how digitalization impacts global markets and the broader economy.