Does broadband affect local economic outcomes less than we thought? Micro evidence from Louisiana.

High‐speed internet access is a core tenet of economic development strategies post‐COVID. While expanding access is linked to many positive benefits, evidence associating broadband to job growth and business formation is more mixed. This study expands the literature along several dimensions, most no...

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Publicado en:Contemporary Economic Policy Vol. 42; no. 1; pp. 68 - 94
Autores principales: Wagner, Gary A., Lee, Hyun Ji
Formato: Artículo
Publicado: Wiley-Blackwell Jan2024
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Does broadband affect local economic outcomes less than we thought? Micro evidence from Louisiana.
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          Wagner, Gary A.
          Lee, Hyun Ji
        affil:
          Department of Economics and Finance, University of Louisiana at Lafayette, Lafayette Louisiana,, USA
          Department of Economics, Midwestern State University, Wichita Falls Texas,, USA
      su:
        Louisiana
        Internet access
        COVID-19 pandemic
        Economic development
        Internet speed
        COVID-19
      sug:
        subj:
          Internet access
          COVID-19 pandemic
          Economic development
          Louisiana
          Internet speed
          COVID-19
      keyword:
        broadband
        economic development
        instrumental variables
        jobs
        broadband
        economic development
        instrumental variables
        jobs
      ab: High‐speed internet access is a core tenet of economic development strategies post‐COVID. While expanding access is linked to many positive benefits, evidence associating broadband to job growth and business formation is more mixed. This study expands the literature along several dimensions, most notably exploring how business download speeds affect employment, business formation, and survival at a microscale. Using conventional and Least Absolute Shrinkage and Selection Operator instrumental variables strategies, with terrain features as instruments, we find consistent evidence that broadband speeds stimulate local development. However, our estimates are 60%–65% smaller than those from recent studies, suggesting that broadband may be less beneficial than previously assumed.
      pubtype: Academic Journal
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    language: English
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