Download or read book Estimating Digital Infrastructure Investment Needs to Achieve Universal Broadband written by Edward Oughton and published by International Monetary Fund. This book was released on 2023-02-10 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a detailed model to evaluate the necessary investment requirements to achieve affordable universal broadband. The results indicate that approximately $418 billion needs to be mobilized to connect all unconnected citizens globally (targeting 40-50 GB/Month per user with 95 percent reliability). The bulk of additional investment is for emerging market economies (73 percent) and low-income developing countries (24 percent). We also find that if the data consumption level is lowered to 10-20 GB/Month per user, the total cost decreases by up to about half, whereas raising data consumption to 80-100 GB/Month per user leads to a cost increase of roughly 90 percent relative to the baseline. Moreover, a 40 percent cost decrease occurs when varying the peak hour quality of service level from the baseline 95 percent reliability, to only 50 percent reliability. To conclude, broadband policy assessments should be explicit about the quantity of data and the reliability of service provided to users. Failure to do so will lead to inaccurate estimates and, ultimately, to poor broadband policy decisions.
Download or read book Estimating the Welfare Effects of Digital Infrastructure written by Shane M. Greenstein and published by . This book was released on 1996 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: While much economic policy presumes that more information infrastructure yields higher economic returns, little empirical work measures the magnitudes of these returns. We examine investment by local exchange telephone companies in fiber optic cable, ISDN lines and signal seven software, infrastructure which plays an essential role in bringing digital technology to local telephone networks. We estimate the elasticity of the derived demand for infrastructure investment faced by local exchange companies, controlling for factors such as local economic activity and the political disposition of state regulators. Our model postulates a regulated profit maximizing local exchange firm and a regulatory agency with predetermined political leanings in favor of consumer prices or firm profits. The model accounts for variation in state regulation and local economic conditions. In all our estimates we find that consumer demand is sensitive to investment in modern infrastructure, particularly as represented by fiber optic cable. Our estimates imply that infrastructure investment is responsible for a substantial fraction of the recent growth in consumer surplus and business revenue in local telecommunication services.
Download or read book The Social Rate of Return of Mobile Broadband Infrastructure Investment written by Vivien Foster and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social rate of return of mobile broadband infrastructure is an important indicator for informing the allocation of public and private capital to the telecommunications sector, yet no estimates are currently available in the literature. The consensus in the literature is that to estimate the social rate of return of infrastructure one must combine two components: first, the value added of the infrastructure to the economy (or numerator of the rate of return); and second, the incremental cost of infrastructure expansion.In recent years, significant literature has begun to accumulate measuring the output elasticity of broadband infrastructure (Vergara Cobos and Malasquez, 2023). Using cross-country panel data econometrics and micro-econometric approaches, reliable estimation of the marginal product associated with rising service penetration is possible. On the other hand, there has been substantial progress in modeling the global cost of mobile broadband infrastructure deployment (Oughton, 2023), enabling evaluation of system marginal cost at the country level. This paper brings both strands of the literature together to estimate the social rate of return for investments in (primarily) 4G mobile networks, adapting a methodology first used by Canning and Bennathan (2000) for the electricity and transport sectors. The paper contributes to the literature by exploring how both the marginal product and the marginal cost of mobile broadband infrastructure investment evolve as penetration rises. We enhance this previous method in two ways. Firstly, by estimating the causal effect of mobile broadband infrastructure on economic output (GDP) via a General Method of Moments - Instrumental Variable (GMM-IV) technique. Secondly, by calculating the marginal cost of mobile broadband infrastructure using demand forecasting and remote sensing, following Oughton (2023).The social rate of return of mobile broadband investment is of high importance because it informs the cost-benefit analysis of future investment policy decisions. Consistent with economic theory, the paper finds that the marginal product of mobile broadband infrastructure declines at higher levels of penetration, while the marginal cost increases. This leads to very high rates of return (40-60%) for investments at very low levels of penetration (10%), declining rapidly to modest rates of return (
Download or read book Transforming Public Finance Through GovTech written by David Amaglobeli and published by International Monetary Fund. This book was released on 2023-09-07 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital divide across countries and within countries continues to persist and even increased when the quality of internet connection is considered. The note shows that many governments have not been able to harness the full potential of digitalization. Governments could play important role to facilitate digital adoption by intervening both on supply (investing in infrastructure) and demand side (increase internet affordability). The note also documents significant dividends from digital adoption for revenue collection and spending efficiency, and for outcomes in education, health and social safety nets. The note also emphasizes that digitalization is not a substitute for good governance and that comprehensive reform plans embedded in National Digital Strategies (NDS) combined with legal and institutional reforms are needed to ensure that governments can reap full benefits from digitalization and manage the risks appropriately.
Download or read book Republic of Nauru written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-11-28 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nauru faces structural challenges due to its small size and remoteness, and is highly dependent on imports. The narrow revenue base comprises fishing license fees, residual phosphate processing, and revenue from the Regional Processing Center (RPC). Nauru is vulnerable to the negative effects of climate change, as the population inhabit in a narrow coastal area. The health and economic impact of the pandemic has been limited in Nauru, thanks to successful vaccination and containment strategies
Download or read book The Economics and Regulation of Digitalisation written by Muzaffer Eroğlu and published by Taylor & Francis. This book was released on 2024-10-14 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turkey offers an interesting case study, both when it comes to the practice and the regulation of digitalization, as it combines a Western economic and legal system with an emerging country approach to digitalization. This co-edited volume examines the history, policies, economics, and various regulations of digitalization in Turkey. The chapters provide a comprehensive overview of how digitalization has developed in Turkey and how digitalization has come to be regulated, inspired by EU legislation yet with a “Turkish touch”. It explores the take up of digitalization by industry, society, and government, before delving into examples from FinTech and cryptocurrency, to social media and e-commerce, and yielding lessons for comparable emerging countries. Covering all the relevant aspects of digitalization, this book will be of interest to academics and students, particularly to those with an interest in innovation, economics of digitalization, policy, and regulation.
Download or read book Organizational Corruption Crime and Covid 19 written by Agata Stachowicz-Stanusch and published by Taylor & Francis. This book was released on 2024-10-14 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corruption often flourishes in times of uncertainty and crisis. When institutions and oversight are weak, and public trust low, corruption can thrive and undermine how societies respond to the crisis. Covid-19 brought this issue into sharp focus, and this book uncovers some of the problems experienced across the globe and, crucially, explains how organizations and countries can strengthen their anti-corruption systems to prevent problems in the future. The book has been created by the members of the United Nations Principles for Responsible Management Education group on anti-corruption and brings together top international experts to consolidate the lessons from the Covid-19 crisis in order to improve transparency, integrity, trust, and governance in the future. Cybersecurity and cybercrime related to the pandemic are a particular focus. These factors are essential to social and economic order. Practice-oriented, each chapter offers examples of methods, approaches, tools, and cases which can be used for anti-corruption teaching, policy, and corporate initiatives. With insights and cases from right across the globe, the book will be of interest to NGOs, policymakers, organizational leaders, students, and researchers looking to foster accountability, integrity, and transparency across organizations in times of crisis.
Download or read book How Should Central Banks Explore Central Bank Digital Currency written by Gabriel Soderberg and published by International Monetary Fund. This book was released on 2023-09-08 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digitalization of the economy provides both challenges and opportunities. Central banks should ensure that they have the capacity to continue to meet their policy objectives in the digital age. It is in this context that central bank digital currency (CBDC) should be evaluated. If designed appropriately, CBDCs could allow central banks to modernize payment systems and future-proof central bank money as the pace and shape of digitalization continues to evolve. However, the decision to proceed with CBDC exploration and an eventual launch would need to be jurisdiction specific, depending on the degree of digitalization of the economy, the legal and regulatory frameworks, and the central bank’s internal capacity. This paper proposes a dynamic decision-making framework under which the central bank can make decisions under uncertainty. A phased and iterative approach could allow central banks to adjust the pace, scale, and scope of their CBDC projects as the domestic and international environment changes.
Download or read book Will Working from Home Stick in Developing Economies written by Mrs. Marina Conesa Martinez and published by International Monetary Fund. This book was released on 2023-05-26 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In developing economies, a shift to working from home during the COVID-19 pandemic varies substantially. An increase in teleworking days per week ranges from 0.7 to 17.6 percentage points across 10 developing countries covered by an online survey to about 500 respondents per country. An estimated income discount associated with telework disappeared temporarily at the onset of the pandemic. A calibrated model indicates that workers’ preferences to telework may largely depend on their educational attainments. Whether telework will sustain in these countries could depend on obstacles to telework, particularly for workers with less education, and a degree of economy-wide externality.
Download or read book Africa s Infrastructure written by World Bank and published by World Bank Publications. This book was released on 2009-12-01 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainable infrastructure development is vital for Africa s prosperity. And now is the time to begin the transformation. This volume is the culmination of an unprecedented effort to document, analyze, and interpret the full extent of the challenge in developing Sub-Saharan Africa s infrastructure sectors. As a result, it represents the most comprehensive reference currently available on infrastructure in the region. The book covers the five main economic infrastructure sectors information and communication technology, irrigation, power, transport, and water and sanitation. 'Africa s Infrastructure: A Time for Transformation' reflects the collaboration of a wide array of African regional institutions and development partners under the auspices of the Infrastructure Consortium for Africa. It presents the findings of the Africa Infrastructure Country Diagnostic (AICD), a project launched following a commitment in 2005 by the international community (after the G8 summit at Gleneagles, Scotland) to scale up financial support for infrastructure development in Africa. The lack of reliable information in this area made it difficult to evaluate the success of past interventions, prioritize current allocations, and provide benchmarks for measuring future progress, hence the need for the AICD. Africa s infrastructure sectors lag well behind those of the rest of the world, and the gap is widening. Some of the main policy-relevant findings highlighted in the book include the following: infrastructure in the region is exceptionally expensive, with tariffs being many times higher than those found elsewhere. Inadequate and expensive infrastructure is retarding growth by 2 percentage points each year. Solving the problem will cost over US$90 billion per year, which is more than twice what is being spent in Africa today. However, money alone is not the answer. Prudent policies, wise management, and sound maintenance can improve efficiency, thereby stretching the infrastructure dollar. There is the potential to recover an additional US$17 billion a year from within the existing infrastructure resource envelope simply by improving efficiency. For example, improved revenue collection and utility management could generate US$3.3 billion per year. Regional power trade could reduce annual costs by US$2 billion. And deregulating the trucking industry could reduce freight costs by one-half. So, raising more funds without also tackling inefficiencies would be like pouring water into a leaking bucket. Finally, the power sector and fragile states represent particular challenges. Even if every efficiency in every infrastructure sector could be captured, a substantial funding gap of $31 billion a year would remain. Nevertheless, the African people and economies cannot wait any longer. Now is the time to begin the transformation to sustainable development.
Download or read book World Investment Report written by United Nations and published by . This book was released on 1996 with total page 1595 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Digital Connectivity in sub Saharan Africa A Comparative Perspective written by Mr.Emre Alper and published by International Monetary Fund. This book was released on 2019-09-27 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Higher digital connectivity is expected to bring opportunities to leapfrog development in sub-Saharan Africa (SSA). Experience within the region demonstrates that if there is an adequate digital infrastructure and a supportive business environment, new forms of business spring up and create jobs for the educated as well as the less educated. The paper first confirms the global digital divide through the unsupervised machine learning clustering K-means algorithm. Next, it derives a composite digital connectivity index, in the spirit of De Muro-Mazziotta-Pareto, for about 190 economies. Descriptive analysis shows that majority of SSA countries lag in digital connectivity, specifically in infrastructure, internet usage, and knowledge. Finally, using fractional logit regressions we document that better business enabling and regulatory environment, financial access, and urbanization are associated with higher digital connectivity.
Download or read book Growth in Sub Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.
Download or read book Digital Service Delivery in Africa written by Ogechi Adeola and published by Springer Nature. This book was released on 2022-02-07 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dynamics of the world’s pervasive digital technologies is transforming organisations and enabling enterprises to create sustainable competitive advantage. This presents huge economic opportunities for Africa. This book responds to the need for African enterprises and organisations—particularly those in the service sector—to fully exploit the inherent potential in digital platforms by putting in place processes to respond effectively to changing consumer demands. Digital service delivery is conceptualised as a key driver of effective management and service delivery across the value chain of businesses. The authors offer insights into the opportunities, drivers, structures, and models of digital service delivery specific to the African context, using case studies and country-based themes that highlight how the adoption of digital platforms and practices can transform service delivery for value-creation. The book examines the scope and applications of digital businesses, emphasising the emergence, value-creation, and strategic implications for Africa’s private and public enterprises. Students, entrepreneurs, IT innovators, academics, and policymakers will gain a greater understanding of how digitalisation is shaping consumer expectations, industry practices, and service delivery in Africa.
Download or read book The Diaspora s Role in Africa written by Stella-Monica N. Mpande and published by Routledge. This book was released on 2021-11-07 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africans living in the diaspora have a unique position as potential agents of change in helping to address Africa’s political and socioeconomic challenges. In addition to sending financial remittances, their multiple, hybrid identities in and out of geographical and psychocultural spaces allow them to play a role as cultural and political ambassadors to foster social change and sustainable development back in their African homelands. However, this hybrid position is not without challenges, and this book reflects some of the conundrums faced by members of the diaspora as they negotiate their relationships with their home countries. The author uses her lived experiences and empirical research to ask: are members of the diaspora conduits of Western cultural hegemony at the cost of their traditional preservation and meaningful development in Africa? How does the Western media’s portrayal of Africa as the "Dark Continent" in the 21st century influence their decision-making process to invest back home? How could African nations’ governments manage their relationships with citizens abroad to motivate them to invest in their home countries? How do some citizen-residents in Africa and African Diaspora communities perceive each other in the context of Africa’s development? How could the African Diaspora collaborate with citizen-residents across growth sectors to impact Africa’s development? The book hopes to inspire agents of change within the diaspora and features diverse African entrepreneurs’ success stories and their experiences of tackling these challenges. The book will be of interest to aspiring entrepreneurs, researchers across African studies, and the expanding and vibrant field of diaspora research.
Download or read book BISNIS Bulletin written by and published by . This book was released on 2002 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Broadband Strategies Handbook written by Tim Kelly and published by World Bank Publications. This book was released on 2012-03-16 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide identifies issues and challenges in broadband development, analyzing potential solutions to consider, and providing practical examples from countries that have addressed broadband-related matters.
