Integrating Theory and Policy

  • Michael Vogelsang
Part of the Contributions to Economics book series (CE)


There is a vicious cycle of dynamic interdependencies between macroeconomic variables, firm behaviour, and the policy set-up. Policy influences business strategies; market outcomes influence macroeconomic figures and policy. Regarding networks, IT services and digital goods, this cycle is especially driven by new technological developments – and specific skills. Pilat and Devlin (2004) emphasize the self-enforcing effect: having a strong ICT sector may help generate skills needed to benefit from ICT use.1


Market Power Total Factor Productivity Policy Instrument Competition Policy Macroeconomic Variable 
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Copyright information

© Physica-Verlag Heidelberg 2010

Authors and Affiliations

  1. 1.European Institute for International Economic Relations (EIIW)University of WuppertalWuppertalGermany

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