Liberalization, Technology Adoption, and Stock Returns: Evidence from Telecom

Rabah Arezki, Vianney Dequiedt, Yuting Fan and Carlo Maria Rossotto

No 9561, Policy Research Working Paper Series from The World Bank

Abstract: The paper investigates the pace of technology adoption in telecom technology post liberalization and its effect on stock returns using a new global panel data set. The results are twofold. First, the evidence points to the complementarity between telecom liberalization and regulatory independence in driving a sustained pace of technology adoption. Second, the results show a positive and economically significant effect of telecom adoption on stock returns, pointing to significant spillovers of telecom to the rest of the economy.

Keywords: Telecommunications Infrastructure; Health Care Services Industry; Information Technology; Energy Demand; Energy and Mining; Energy and Environment (search for similar items in EconPapers)
Date: 2021-03-02
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http://documents.worldbank.org/curated/en/63963161 ... nce-from-Telecom.pdf (application/pdf)

Related works:
Working Paper: Liberalization, Technology Adoption, and Stock Returns: Evidence from Telecom (2021)
Working Paper: Liberalization, Technology Adoption, and Stock Returns: Evidence from Telecom (2021)
Working Paper: Liberalization, Technology Adoption, and Stock Returns: Evidence from Telecom (2021)
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