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Full-Text Articles in Social and Behavioral Sciences
The Microeconomic Impacts Of E-Business On The Economy, James Prieger, Daniel Heil
The Microeconomic Impacts Of E-Business On The Economy, James Prieger, Daniel Heil
James E. Prieger
The adoption of e-business at the microeconomic level of retail, wholesale, and labor market transactions has an enormous impact on the performance of firms and the economic welfare of consumers and workers. This article reviews, in broad outlines, the economics of e-business, focusing on empirical research. The fundamental notion that e-business and adoption of ICT lowers the cost of transferring, storing, and processing in-formation is used to organize the examination. E-business spheres of impact covered include B2C and B2B e-commerce, the labor market, and the productivity of firms. This article covers both the predicted impacts of e-business on the economy …
The Macroeconomic Impacts Of E-Business On The Economy, James Prieger, Daniel Heil
The Macroeconomic Impacts Of E-Business On The Economy, James Prieger, Daniel Heil
James E. Prieger
The growing use of information and communications technology (ICT) by business—e-business—profoundly affects the economy. This article covers some of the macroeconomic impacts of e-business. Evidence from empirical studies examining the impact that greater use of ICT by business has on productivity and national economic growth is presented, along with discussion of how e-business changes the volatility and complicates measurement of growth. E-business can bring down inflation, but also exacerbates some monetary and fiscal policy challenges, and raises new ones. While e-payments and e-money can complicate monetary policy and may alter its goals, little effect has been seen to date. Sales …