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Telecommunications Infrastructure and Economic Development: A Simultaneous Approach
Lars-Hendrik Röller and Leonard Waverman
The American Economic Review
Vol. 91, No. 4 (Sep., 2001), pp. 909-923
Published by: American Economic Association
Stable URL: http://www.jstor.org/stable/2677818
Page Count: 15
You can always find the topics here!Topics: Telecommunications, Infrastructure, Economic growth models, Financial investments, Infrastructure investments, Economic growth rate, Economic models, Gross domestic product, Capital stocks, Economic growth
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In this paper we investigate how telecommunications infrastructure affects economic growth. We use evidence from 21 OECD countries over a 20-year period to examine the impacts that telecommunications developments may have had. We jointly estimate a micromodel for telecommunication investment with a macro production function. We find evidence of a significant positive causal link, especially when a critical mass of telecommunications infrastructure is present. Interestingly, the critical mass appears to be at a level of telecommunications infrastructure that is near universal service.
The American Economic Review © 2001 American Economic Association