Does broadband Internet access actually spur economic growth?

Does broadband Internet access actually spur economic growth?

In this paper I attempt to answer a relatively straightforward question: does broadband Internet access spur economic growth? Here, broadband refers to any Internet connection that is “always on and faster than the traditional dial-up access.” and economic growth refers to gross domestic product (GDP) of individual countries.My initial results do indeed corroborate the World Bank’s findings. Specifically, my main finding is that a 10% increase in broadband penetration is correlated with a 1.35% increase in GDP for developing countries, and a 1.19% increase for developed countries. This suggests that in general, broadband deployment is a valuable investment for spurring economic growth.

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