Broadbandâ€™s Relationship to Rural Housing Values
Steven Deller and
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Steven Deller: University of Wisconsin-Madison
Brian Whitacre: Oklahoma State University
Staff Paper Series from University of Wisconsin, Agricultural and Applied Economics
Using data for remote rural U.S. counties (n=887) we estimate the impact of broadband Internet access on median housing value. We account for spatial dependencies in the joint determination of investments in broadband access and housing values using a modified version of the feasible generalized spatial two stage least squares (FGS2SLS) estimator suggested by Kelejian and Prucha (1998). The data support the central hypothesis that remote rural housing values are positively impacted by higher access. Our estimates suggest that there are declining returns to speed availability, with access to at least some type of Internet being more valuable than having only a very high-speed connection accessible.
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:wisagr:591
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