DeStefano, Timothy; Kneller, Richard; Timmis, Jonathan - 2020
Cloud computing enables a shift in the costs of ICT adoption from investment in fixed capital to pay-on-demand services … allowing firms to scale and reorganize. Using new firm-level data we examine the impact of cloud on firm growth, using zip …-code-level instruments of the timing of high-speed fiber availability and speeds. Cloud leads to the growth of employment and revenue for …