Is Faster Better? Quantifying the Relationship Between Broadband Speed and Economic Growth
Author | : George S. Ford |
Publisher | : |
Total Pages | : 23 |
Release | : 2018 |
ISBN-10 | : OCLC:1304331961 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Is Faster Better? Quantifying the Relationship Between Broadband Speed and Economic Growth written by George S. Ford and published by . This book was released on 2018 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, I aim to quantify the relationship between higher broadband speeds (10 Mbps versus 25 Mbps) and the growth rates in important economic outcomes in U.S. counties including jobs, personal income, and labor earnings. Doing so exposes the potential for severe selection bias in studies of broadband's economic impact, which is addressed in this study using Coarsened Exact Matching. Once balanced, the data reveal no economic payoff from the 15 Mbps speed difference between the years 2013 and 2015. I also revisit the Crandall, Lehr and Litan (2007) study on broadband's effect on employment to evaluate the possible impacts of selection bias, and conclude that the positive benefits of broadband reported in that particular study are likely spurious. The selection bias problem may infect other studies on the economic impacts of broadband Internet services.