Inflation and Broadband Revisited: Evidence from an OECD Panel. A replication study of Yi and Choi (Journal of Policy Modeling, 2005)
This note revisits the conjecture that the use of broadband internet lowers transaction costs and thereby inflation. Using a macro-economic panel of OECD countries, it replicates and expands previous estimations by Yi and Choi (2005). We confirm the direction of the results, but also highlight a ser...
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| Format: | Article |
| Language: | English |
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ZBW
2018-05-01
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| Series: | International Journal for Re-Views in Empirical Economics |
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| Online Access: | https://doi.org/10.18718/81781.5 |
| Summary: | This note revisits the conjecture that the use of broadband internet lowers transaction costs and thereby inflation. Using a macro-economic panel of OECD countries, it replicates and expands previous estimations by Yi and Choi (2005). We confirm the direction of the results, but also highlight a series of conceptual and econometric issues in the original contribution that need to be addressed. |
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| ISSN: | 2566-8269 2566-8269 |