This study explores the causal relationships between information and communications technology (ICT) and economic growth. It spans the post-Great Recession period of 2008-2017, which is both a period of economic tumult and slow recovery but also significant pathbreaking developments in ICT...

Rate regulation can take many forms. Rates may be regulated through overt price controls, such as price ceilings or price floors; through less-overt rules governing the pace of price changes; or through quality mandates or restrictions. Some rate regulations can provide short-run benefits to...

In the mid-1980s a movement towards privatization and de-regulation of the telecommunications sector was begun. The sector has been privatized in most countries and subjected to regulatory reform. The major reform occurred in the late 1990s. Since then the internet and cellular-mobile industries...

Firms with higher R&D intensity subsequently experience higher stock returns in international stock markets, highlighting the role of intangible investments in international asset pricing. The R&D effect is stronger in countries where growth option risk is more likely priced, but is unrelated to...

In the authors' shared opinion, the economic evidence does not support the regulations proposed in the Commission's Notice of Proposed Rulemaking Regarding Preserving the Open Internet and Broadband Industry Practices (the “NPRM”). To the contrary, the economic evidence provides no support...

This paper describes MLR in utility markets, explains how globalization drives MLR, and describes how MLR in turn causes firms to become even more global, as each firm strives to enter into markets further and further removed from its traditional markets. It first describes the industry...