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Broadband Availability and Firm Entry

出版	SSRN, 2018
URL	http://books.google.com.hk/books?id=RcrhzwEACAAJ&hl=&source=gbs_api

註釋A number of studies suggest that the availability of broadband reduces firm entry costs associated with informing buyers about products, learning about the market tastes, setting up distribution channels, handling legal paperwork, and learning about regulatory environment. It can decrease the disadvantages that young and small firms experience when competing with large incumbents. Moreover, it can promote firm entry as it enhances economic growth. Current empirical evidence indicates that broadband availability facilitates firm entry. Contrastingly, many studies find that the effects of broadband on employment are often limited, varying across industries and across labor markets. This paper investigates the hypothesis that much of the firm entry induced by broadband availability is in the form of “casual ventures”, business activities involving little labor time, where the entry is often a response to bad conditions in the mainstream job market. The data are drawn from the US Census nonemployer statistics and the broadband deployment from NTIA and FCC. In the U.S., the majority of business establishments are nonemployers, yet these firms have small economic impact and average less than 4 percent of all sales and receipts nationally. The paper examines the effects of broadband availability on firm entry and seeks to disentangle the extent that these effects are restricted to nonemployer firms. The policy implications are significant since a large amount of public resources have been invested in broadband deployment aiming to promote employment and economic growth.