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Digital Economy: Impacts, Influences and Challenges
Harbhajan S. Kehal Varinder P. Singh
IDEA GROUP PUBLISHING
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Digital Economy: Impacts, Influences and Challenges
Harbhajan S. Kehal University of Western Sydney, Australia
Varinder P. Singh University of Western Sydney, Australia
IDEA GROUP PUBLISHING Hershey • London • Melbourne • Singapore
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Acquisitions Editor: Senior Managing Editor: Managing Editor: Development Editor: Copy Editor: Typesetter:
Cover Design: Printed at:
Mehdi Khosrow-Pour Jan Travers
Amanda Appicello Michele Rossi Bernard J. Kieklak, Jr. Amanda Appicello Lisa Tosheff
Yurchak Printing Inc.
Published in the United States of America by
Idea Group Publishing (an imprint of Idea Group Inc.) 701 E. Chocolate Avenue, Suite 200
Hershey PA 17033 Tel: 717-533-8845 Fax: 717-533-8661
E-mail: cust@idea-group.com
Web site: http://www.idea-group.com
and in the United Kingdom by
Idea Group Publishing (an imprint of Idea Group Inc.) 3 Henrietta Street
Covent Garden London WC2E 8LU Tel: 44 20 7240 0856 Fax: 44 20 7379 3313
Web site: http://www.eurospan.co.uk
Copyright © 2005 by Idea Group Inc. All rights reserved. No part of this book may be repro-duced in any form or by any means, electronic or mechanical, including photocopying, without written permission from the publisher.
Library of Congress Cataloging-in-Publication Data
Digital economy : impacts, influences, and challenges / Harbhajan Kehal, editor, Varinder P. Singh, editor.
p. cm.
Includes bibliographical references and index.
ISBN 1-59140-363-4 (hardcover) -- ISBN 1-59140-364-2 (pbk.) -- ISBN 1-59140-365-0 (ebook)
1. Information technology--Economic aspects. 2. Information technology--Social aspects. 3. Electronic commerce. I. Kehal, Harbhajan, 1942- II. Singh, Varinder P., 1974-
HC79.I55D5455 2004 303.48`33--dc22
2004003777
British Cataloguing in Publication Data
A Cataloguing in Publication record for this book is available from the British Library.
All work contributed to this book is new, previously-unpublished material. The views expressed in this book are those of the authors, but not necessarily of the publisher.
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Dedication
In Memory of My Parents,
Chaudhry Harkishan Singh Kehal and Sardarni Harnam Kaur Kehal
H.S. Kehal
To
My Parents,
Who have guided me with wisdom and always supported me in every walk of life.
V.P. Singh
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Digital Economy: Impacts, Influences and Challenges
Table of Contents
Preface .........................................................................................................................vii
Chapter I
Socio-Economic Impacts and Influences of E-Commerce in a Digital Economy ............1 Sushil K. Sharma, Ball State University, USA
Chapter II
Re-Intermediation and Deferment through E-Commerce: Neo-Austrian
Interpretation of Capital and Time.............................................................................. 21 Parthasarathi Banerjee, NISTADS, India
Chapter III
Risk and Investment in the Global Telecommunications Industry............................. 39 Irene Henriques, York University, Canada
Perry Sadorsky, York University, Canada
Chapter IV
Reduction of Transaction Costs by Using Electronic Commerce in Financial
Services: An Institutional and Empirical Approach ................................................... 62 Thomas Pfahler, University of Bayreuth, Germany
Kai M. Grebe, University of Bayreuth, Germany
Chapter V
The Spreading Use of Digital Cash and Its Problems ................................................ 84 Yutaka Kurihara, Aichi University, Japan
Chapter VI
Electronic Signature: The Core Legislation Category in Digital Economy .............. 98 Fjodor Ruzic, Institute for Informatics, Croatia
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