Increasing broadband speed increases GDP05 October, 2011
|By Allison Orr|
Research conducted by Ericsson, Arthur D. Little and Chalmers University of Technology confirms that increasing broadband speen contributes significantly to economic growth. In fact, the report quantifies the relationship, finding that doubling broadband speed increases GDP by 0.3%.
The effects come from automated and simplified processes , increased productivity as well as better access to basic services such as education and health.
The study is the first of its kind, as it quantifies the impact of increases in broadband speed. The study used data regression analysis with quarterly data from 2008-2010 for 33 OECD countries
Says Erik Bohlin, Professor at Chalmers University of Technology, "The results of this study support governmental policies that recognize and promote the importance of broadband."
Previously published in undefined.