International slowdown in the info-communications sector. Stock-market bubble or 'regulatory fault'

• Authors: Fulop P. , Major I.
• Languages of publication: HU

Abstracts

EN

The article addresses the question of why the spectacular growth in the info-communications sector - including telecommunications - slowed at the turn of the millennium. The authors dispute the widespread opinion that the slowdown and stagnation were brought on by the price fall in information stocks, arguing that the decline can be attributed mainly to regulatory problems in the sector. Simple market-structure models are used to show how the process of market liberalization in the sector led to a curb on investment in information companies, especially telecom firms, in Hungary and on an international scale.

Keywords

EN

INFO-COMMUNICATION SECTOR; INFORMATION TECHNOLOGY; MARKET LIBERALIZATION; STAGNATION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2004
• Volume: 51
• Issue: 11
• Pages: 1001-1028
• Document type: ARTICLE

Contributors

author

Fulop P.

author

Major I.

• P. Fulop, no address given, contact the journal editor

Identifiers

CEJSH db identifier

06HUAAAA00651642