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. The hypothesis is confirmed: an increasing fraction of internet traffic volume expected at high levels of aggregation (i ….e. an internet exchange) is unexplained by existing service category growth. …
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The Internet has evolved from Web 1.0, with static web pages and limited interactivity, to Web 2.0, with dynamic … Internet content has generally remained the same: zero. Because no transaction records the "purchase" of this content, its … value is not reflected in measured growth and productivity. To capture the contribution of the "free" Internet, we model the …
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derives theoretical grounds from the existing economic models to support the hypothesis that the internet, inter alia, enables … evidence to show that the growth landscape has indeed shifted decisively in favor of developing countries in the Internet Age … gains from internet adoption in comparison to the average advanced country. The paper discusses policy implications from the …
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Can stock market bubbles accelerate long term growth? Do such bubbles indicate irrational behavior? This paper studies the effect of innovation uncertainty on the concomitant time path of firm valuations, technology adoption and growth in a setting that incorporates positive network...
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