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An Anatomy of Growth and Decline: High-tech Industries Through the Boom and Bust Years, 1997-2003

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An Anatomy of Growth and Decline:  High-tech Industries Through the Boom and Bust Years, 1997-2003 Logo

This paper tracks the growth and decline of information and communications technology (ICT) industries that were synonymous with the so-called new economy boom of the late-1990s and its subsequent bust period in the early 2000s. The analysis focuses on the question of whether the ICT bust has been accompanied by a structural shift illustrated by less firm turnover. It shows that to date there is little evidence of a structural shift. Entry rates of new establishments within the ICT sector were above those of other sectors within the economy during both the ICT boom and bust. This is evidence that both firms and entrepreneurs continued to see opportunities to develop new products and markets even during a time of retrenchment. The location of the ICT sector also show little evidence of a change.

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Product:Insights on the Canadian Economy
Catalogue no.:11-624-MIE2005010
Frequency:Occasional
Status:Ongoing/Available
 
Latest issue:no. 10 Free
Release date:March 2, 2005
Authors: Beckstead, Desmond
Brown, W. Mark
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Subjects

Keywords

analytical products, business bankruptcies, business start-ups, computer services, economic growth, economic performance, employment, gross domestic product, high technology, information and communication technologies, job departures, manufacturing industries.

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