Broadband Penetration and Economic Growth: Evidence from Nigeria

Main Article Content

S. V. Oloja
Olubokun Sanmi
O. A. Obolo
M. F. Ayinuola

Abstract

This paper investigated the relationship between broadband penetration and economic growth in Nigeria. The secondary data for the study were collected from the World Bank and this includes data on Internet broadband usage and Gross Domestic Product while the primary data were generated from the questionnaire administered to the respondents. The descriptive statistics and the ordinary least square regression analytical method were used to examine the relationship between broadband penetration and economic growth. It was discovered that a per cent increase in broadband penetration will only increase output (Economic Growth) by 0.1 per cent in Nigeria. The data analysis showed a significant and positive relationship between broadband penetration and economic growth. The study thus recommended that efforts must be made towards the implementation of broadband policy and effective utilization of the broadband network. Also, better telecommunication reforms that will create enabling environment and encourage the inflow of broadband networks should be made.

Keywords:
Broadband penetration, economic growth, internet, telecommunication, subscribers, network

Article Details

How to Cite
Oloja, S. V., Sanmi, O., Obolo, O. A., & Ayinuola, M. F. (2020). Broadband Penetration and Economic Growth: Evidence from Nigeria. Journal of Economics, Management and Trade, 26(3), 1-6. https://doi.org/10.9734/jemt/2020/v26i330232
Section
Original Research Article

References

Minges M. Exploring the relationship between broadband and economic growth; 2015.

Olaide AM, Kunle AM, Oluwaseun OM. The assessment of the broadband services delivery in Nigeria. Proceedings on Big Data Analytics & Innovation. 2017;2:7-22.

Abdullah DNMA, Rozario F. Influence of service and product quality towards customer satisfaction in telecommunication industry. International Journal of Human and Social Sciences. 2013;5:454-459.

Gillett S, Lehr W, Osorio C, Sirbu MA. Measuring Broadband's Economic Impact. Technical Report 99-07-13829, National Technical Assistance, Training, Research, and Evaluation Project; 2006.

Crandall R, Lehr W, Litan R. the effects of broadband deployment on output and employment: A cross-sectional analysis of U.S. Data. Issues in Economic Policy. 2007;6.

Czernich N, Falck O, Kretschmer T, Woessman L. Broadband infrastructure and economic growth (CESifo Working Paper No. 2861); 2009.

Koutroumpis P. The economic impact of broadband on growth: A simultaneous approach. Telecommunications Policy. 2009;33:471-485.

Qiang CZ, Rossotto CM. Economic Impacts of Broadband. In Information and Communications for Development 2009: Extending Reach and Increasing Impact, 35–50. Washington, DC: World Bank; 2009.

Anonymous; 2018.
Available:http://www.onlinenigeria.com/links/ondostateadv

Crandall RW, Jackson C, Singer H. The Effect of Ubiquitous Broadband Adoption on Investment, Jobs, and the U.S. Economy. Washington DC: Criterion Economics; 2003.