{"product_id":"dynamics-of-the-internet-von-anita-du-rietz","title":"Dynamics of the Internet","description":"\u003cp\u003eWhen the application of Internet emerged a new  opportunity opened up for studying how new  technology influences industry structure. Banking  and financial service sector was an early adopter. A  former period of deregulation had paved the way for  a market conform behavior. The Internet technology is supposed to explain  productivity growth. Our results suggest that  productivity positively correlates with the change  in innovation output, controlling for the skill  composition of labor and the physical capital  intensity.  When Internet was introduced the  structure changed in the studied thirteen Swedish  banking sub-industries. The large companies could  reduce the number of employees and the small  financial firms increase their employees. The number  of firms grew and the average firm size decreased.   The Internet changed the economic conditions for  entry. The industry went through a transformation  and got a new structure due to a former deregulation  followed by the introduction of a new technology.   Smaller firms expanded and larger corporations  raised their productivity.  The new technology,  Internet, has a positive and significant influence  on industry growth.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838370729\"\u003e\u003ch3\u003eA Transformation analysis of Banking and Finance\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838370729","offer_id":39469275414621,"sku":"9783838370729","price":59.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/a758744e-89fa-4a67-a541-c1cf52e2e6fe.jpg?v=1757827788","url":"https:\/\/shop.autorenwelt.de\/products\/dynamics-of-the-internet-von-anita-du-rietz","provider":"Autorenwelt Shop","version":"1.0","type":"link"}