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Can measures of broadband infrastructure improve predictions of economic growth?

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  • Mayer, Walter J.
  • Madden, Gary
  • Dang, Xin

Abstract

This paper investigates whether predictions of future economic growth can be improved by using standard measures of broadband infrastructure. The investigation is carried out by comparing the predictive accuracy of dynamic panel models of economic growth estimated with and without measures of broadband infrastructure. Tests of predictive accuracy are employed to test the hypothesis that measures of broadband infrastructure can improve predictions of GDP growth after controlling for standard growth determinants.

Suggested Citation

  • Mayer, Walter J. & Madden, Gary & Dang, Xin, 2014. "Can measures of broadband infrastructure improve predictions of economic growth?," 20th ITS Biennial Conference, Rio de Janeiro 2014: The Net and the Internet - Emerging Markets and Policies 106875, International Telecommunications Society (ITS).
    • Handle: RePEc:zbw:itsb14:106875
    as

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    References listed on IDEAS

    as
    1. Diebold, Francis X & Mariano, Roberto S, 2002. "Comparing Predictive Accuracy," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 134-144, January.
    2. Koutroumpis, Pantelis, 2009. "The economic impact of broadband on growth: A simultaneous approach," Telecommunications Policy, Elsevier, vol. 33(9), pages 471-485, October.
    3. Harvey, David & Leybourne, Stephen & Newbold, Paul, 1997. "Testing the equality of prediction mean squared errors," International Journal of Forecasting, Elsevier, vol. 13(2), pages 281-291, June.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Broadband speed; economic growth; hypothesis tests; prediction;
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