Broadband Infrastructure and Economic Growth
Bibliographic Data
| ID | 9707574 |
|---|---|
| Authors | Nina Czernich (Ifo Institute for Economic Research at the University of Munich), Oliver Falck (0000-0001-9421-8796, Ifo Institute for Economic Research at the University of Munich and CESifo), Tobias Kretschmer (0000-0002-7830-7825, Institute for Strategy, Technology and Organization at the University of Munich and Ifo Institute for Economic Research, CEP), Ludger Woessmann (0000-0002-6912-2319, University of Munich and Ifo Institute for Economic Research, CESifo and IZA) |
| Year | 2011 |
| Volume | 121 |
| Issue | 552 |
| Pages | 505-532 |
| Publication date | 2011-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2011.02420.x |
| OpenAlex | W1937315645 |
| Language | EN |
| Citations received | 209 |
| References cited | 42 |
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel of OECD countries in 1996-2007. Our instrumental variable model derives its non-linear first stage from a logistic diffusion model where pre-existing voice telephony and cable TV networks predict maximum broadband penetration. We find that a 10 percentage point increase in broadband penetration raised annual per capita growth by 0.9-1.5 percentage points. Results are robust to country and year fixed effects and controlling for linear second-stage effects of our instruments. We verify that our instruments predict broadband penetration but not diffusion of contemporaneous technologies like mobile telephony and computers
Broadband · Business · Economics · Natural resource economics · Telecommunications · Computer Science · Economic Growth and Productivity · Fiscal Policy and Economic Growth · ICT Impact and Policies
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| Unique citing works | 209 |
|---|---|
| Citations per year | 11,61 |
| Citation span | 2008 - 2026 (19) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 206 |