The geography of new market firms in Germany (199)

Theme Track: Sectoral Changes and New Markets - Special Workshop "The Spatial Implicationf of the New Economy"

Author:
Dohse, Dirk

The Neuer Markt, launched in 1997 by Deutsche Börse, the German stock exchange, is Europe's closest equivalent to the Nasdaq, the US high-tech oriented stock market. Although the New Economy in Germany is not restricted to 'Neuer Markt' firms one may argue that these firms and their employees form the spearhead of Germany's New Economy. The paper analyses the spatial structure of the firms listed at the 'Neuer Markt', differentiating between NEMAX firms in general, technology-oriented firms and New Economy firms in a narrow sense. We compare their spatial structure with the structure of the 'traditional economy' and ask why the spatial structure of the New Economy might differ from that of the traditional economy.

Key Words: New Economy, Space Economy, Neuer Markt

JEL Classification: G19, O30, O18, R11

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