Draft version, originally published in: Schweighofer, P., Grünwald, S., & Ebner, M. (2015). Technology Enhanced Learning and the Digital Economy: A Literature Review. International Journal of Innovation in the Digital Economy (IJIDE), 6(1), 50-62. doi:10.4018/ijide.2015010104 Technology Enhanced Learning and the Digital Economy: A Literature Review Abstract Throughout history, the ongoing technological progress has caused the economy to change in many aspects; furthermore, at times it triggered the dawn of a new era. In the 1980s, this happened for the last time and the digital economy has emerged over the last decades. Since then, the significance of approaches to technology enhanced learning (TEL) has increased rapidly. However, the relations between the digital economy and technology enhanced learning are hardly investigated. Therefore this study points out the known relations between technology enhanced learning and the digital economy by reviewing 1089 publications. Thereby one could recognize that the relations between the regularities of the digital economy and the field of technology enhanced learning have not been thoroughly researched yet. Keywords Technology Enhanced Learning, Online Learning, eLearning, Digital Economy, Digital World, Internet Economy, Net Economy, New Economy, Literature Review 1 Introduction Through the history technological progress has influenced the economy. For instance, the Kondratiev waves show how decisive innovations changed different aspects of the economy. According to Freeman and Louçã (2002) the last wave started with IBM computers and Intel processors in the 1960s and in 1972. The result was a change in many perspectives of the economy. For example, new carrier branches with computers, software and telecommunication equipment have become important, and a new infrastructure, the Internet, has enabled companies to act on a global scale. (Freeman & Louçã, 2002) This period of time, which started in the 1990s with the growing usage of the World Wide Web, is called the digital (network) economy. The digital economy is based on drivers such as network effects, critical mass of users, standardization, interoperability and globalization, and is enabled by the innovation of technology (see Shapiro & Varian, 1999; Stähler, 2002; Tapscott, 1996). Since we have been living in this digital world, methods in education have changed rapidly and the significance of online learning increased. For instance, in the United States during the fall term of 2007 the growth rate for online enrollments of 12.9 percent was substantially higher than the 1.2 percent growth of the overall higher education student population. In total 3.9 million students were taking an online course during this term. (Allen & Seaman, 2008) Ebner, Schön and Nagler (2011) characterize the term online learning as a description for a learning situation in which a computer and the Internet is used. Therefore the term online learning is only a minor term of technology enhanced learning (TEL). This term includes all kind of learning situation in which technology is used (Dror, 2008)Fehler! Verweisquelle konnte nicht gefunden werden.. Showing a movie during the lesson or even calling a schoolmate for help with the homework could also be characterized as TEL (Ebner, Schön, & Nagler, 2011) as could learning whereby devices like smart phones or tablets are used in the learning process, categorized as mobile learning (Ally, 2009). Another approach to the field