Boom and Bust in Telecommunications

FRB Richmond Economic Quarterly, Vol. 89, No. 4, Fall 2003, pp. 1-24

24 Pages Posted: 5 Dec 2012

See all articles by Elise Couper

Elise Couper

Independent

John P. Hejkal

Independent

Alexander L. Wolman

Federal Reserve Bank of Richmond

Date Written: 2003

Abstract

A transformation of the technological and regulatory environment for telecommunications precipitated a massive boom in the sector, beginning in 1997. Market forecasts of the future of telecommunications became highly uncertain and, as it turned out, highly inaccurate. A dramatic bust began in 2000. The boom and bust in telecommunications can be understood only within the context of these technological and regulatory changes.

Suggested Citation

Couper, Elise and Hejkal, John P. and Wolman, Alexander L., Boom and Bust in Telecommunications (2003). FRB Richmond Economic Quarterly, Vol. 89, No. 4, Fall 2003, pp. 1-24, Available at SSRN: https://ssrn.com/abstract=2184904

Elise Couper

Independent

John P. Hejkal

Independent ( email )

Alexander L. Wolman (Contact Author)

Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

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