We estimate the impact of Internet diffusion on local firm performance in developing and transition economies, by adopting an instrumental variable approach reflecting firm's vulnerability to seismic shocks upon the telecommunications submarine cable (SMC) network. IV within fixed-effect...

"A must read for any development policy maker or practitioner especially if they are thinking about how and where digital technologies can add value and improve the livelihoods of the poor…Most important of all…(they) provide a framework to think about when and how digital is the solution."...