Rainbow Bridge to Broadband

Econometrics, the science of statistics applied to economic models, emerged with sophisticated techniques for establishing cause-effect relationships between the adoption of new technologies - the mobile phone, the internet and broadband - and GDP growth, starting from the 1980s. Such studies typically established relations such as: an x% increase in mobile/internet/broadband penetration will increase GDP per capita by y%. This became the basis for espousing the use of public money, either collected through taxes or part of the universal service funds, for internet access and broadband expansion.

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