Broadband speed and unemployment rates: Data and measurement issues |
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Institution: | 1. The University of Tennessee at Chattanooga, Department of Finance and Economics, 615 McCallie Avenue, Chattanooga TN 37403, USA;2. Oklahoma State University, Department of Agricultural Economics, 504 Ag Hall, Stillwater, OK 74078, USA |
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Abstract: | We examine the effects of broadband speed on county unemployment rates in the U.S. state of Tennessee. We merge the older National Broadband Map dataset and the newer FCC dataset in lengthening our broadband access data over the period 2011–2015. Extending the dataset improves the precision of the estimates. Our panel regressions control for potential selection bias and reverse causality and show that broadband speed matters: unemployment rates are about 0.26 percentage points lower in counties with high speeds compared to counties with low speeds. Ultra-high speed broadband also appears to reduce unemployment rates; however, we are unable to distinguish between the effects of high and ultra-high speed broadband. We document beneficial effects of the early adoption of high speed broadband on unemployment rates. Better quality broadband appears to have a disproportionately greater effect in rural areas. |
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Keywords: | Broadband speed Unemployment rates Selection bias Endogeneity Rural counties E24 O18 J64 C23 D12 |
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