| Preface | 5 |
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| Table of Contents | 9 |
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| Summary | 12 |
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| 1 Introduction | 16 |
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| 2 Information and Communication Technology, Competitiveness and Growth | 23 |
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| 2.1 A Triad Perspective on ICT and Telecommunications | 29 |
| 2.2 ICT, Internationalization of the Economy, Competition, Efficiency | 30 |
| 2.3 ICT Expansion, Multinational Companies and Outsourcing | 42 |
| 2.4 ICT Expansion, Innovation Dynamics and Growth | 50 |
| 2.5 Expansion and Dynamics of eComunications in Industrialized Countries | 54 |
| 3 Digital EU Integration and the Lisbon Process | 58 |
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| 3.1 The Role of Information and Communication Technology in the Lisbon Process | 59 |
| 3.2 Computer and Telecommunications: An RCA Approach to Competitiveness | 61 |
| 3.3 After the Kok-Report: New Initiatives from Member States | 65 |
| 4 ICT Expansion, Productivity, Growth and Trade | 68 |
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| 4.1 Basic Aspects of Labour Productivity and ICT Dynamics | 73 |
| 4.2 ICT Expansion, Productivity and Growth | 80 |
| 4.3 Innovation and Productivity Growth in a Networked Society | 91 |
| 4.4 Schumpeterian Perspectives on the International Knowledge Society | 92 |
| 4.5 Telecommunications as a Driver of Innovations, Trade and FDI | 95 |
| 5 Rational Regulation of eCommunications in Open Economies | 98 |
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| 5.1 Basic Perspectives | 98 |
| 5.2 EU Dynamics | 112 |
| 5.3 Economic and Regulatory Developments in Europe | 119 |
| 5.4 Competition in Telecommunications Markets: Theoretical Analysis | 128 |
| 5.5 International Analytical Framework for Monopoly Problems and Competition | 135 |
| 5.6 Convergence of Mobile and Fixed-line Telephony | 143 |
| 5.7 The Role of Digitization, Innovation Dynamics and Technological Neutrality | 146 |
| 5.8 Innovations of Vertically Integrated Firms: Specific Regulatory Perspectives | 147 |
| 5.9 Efficiency and Innovation in Oligopolies: A Modified Hitch- Sweezy Approach | 150 |
| 5.10 Role of Differentiated Two-Part Tariffs | 153 |
| 5.11 Reflections on the EU Review in Telecommunications Regulation | 156 |
| 5.12 Towards a Consistent Regulation of eCommunications | 165 |
| 5.13 Long Term Challenges | 170 |
| Appendix 1: Selected Telecommunications Statistics | 176 |
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| Appendix 2: NACE Classification | 177 |
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| Appendix 3: Modeling the Problem of Regulatory Uncertainty | 178 |
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| Appendix 4: Selected Data on the Use of Internet Services | 180 |
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| List of Figures | 182 |
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| List of Tables | 184 |
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| References | 185 |
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