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By Paul J.J. Welfens

This publication specializes in the function of knowledge and communique applied sciences for fiscal integration, networking and development. Technological and regulatory dynamics are highlighted with appreciate to ecu nations and the united states.

The research bargains with the most problems with rational laws in open economies. Schumpeterian advancements and dynamic potency profits are an important for Europe within the context of telecommunications festival and community modernisation – reaching the pursuits of the Lisbon time table calls for sufficient incentives for funding and good capital industry customers. fiscal development within the electronic wisdom society may be characterized by means of huge, immense structural switch and the expansion of electronic providers. New coverage conclusions at either the nationwide and foreign degrees – together with welfare research – are presented.

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The ICT sector is characterized by a high growth rate of patent growth since the 1990s. As the ICT sector expands one may expect an increase in innovation dynamics and hence higher long term growth provided that the innovation race is not leading to significant market power problems as partly observed in the software market. 4 ICT Expansion, Innovation Dynamics and Growth 37 tion – this phenomenon should not be lumped with product innovations which stand for a qualitative jump in the quality and characteristics of the product considered.

G. as firms introducing an all-IP network will be able to build and run a superior network at much lower investment costs than the previous network. Moreover, one should not narrow the view of competition and allocation dynamics to the size of investment but to services innovations at the wholesale and retail level as well. Finally, in a highly internationalized telecommunications market the EU will naturally be interested to witness that under the pressure of dynamic competition in the single market highly competitive multinational companies emerge which are able to be successful investors not only in the home market but in extra-EU external markets as well.

5 Expansion and Dynamics of eComunications 43 and since expansion of ICT and new ideas will translate into digital services innovations one may anticipate a considerable impact of the telecommunications sector on the increasingly networked overall economy. The basic strategy of the Commission to regulate less is adequate for certain Western European markets, however, the situation in EU accession countries might require specific policy strategies. Mobile density plays a much higher role in Eastern Europe – relative to fixed-line density – than in Western Europe.

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