Working Paper

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

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Arezki, Rabah
dc.contributor.author
Dequiedt, Vianney
dc.contributor.author
Fan, Rachel Yuting
dc.contributor.author
Rossotto, Carlo Maria
dc.date.accessioned
2021-03-04T14:35:52Z
dc.date.available
2021-03-04T14:35:52Z
dc.date.issued
2021-03
dc.date.lastModified
2022-08-18T00:09:48Z
dc.description.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.
en
dc.identifier
http://documents.worldbank.org/curated/en/639631614702431630/Liberalization-Technology-Adoption-and-Stock-Returns-Evidence-from-Telecom
dc.identifier.uri
http://hdl.handle.net/10986/35210
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 9561
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
TECHNOLOGY ADOPTION
dc.subject
LIBERALIZATION
dc.subject
TELECOMMUNICATIONS
dc.subject
REGULATION
dc.subject
STOCK RETURNS
dc.title
Liberalization, Technology Adoption, and Stock Returns
en
dc.title.subtitle
Evidence from Telecom
en
dc.type
Working Paper
en
okr.date.disclosure
2021-03-02
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/639631614702431630/Liberalization-Technology-Adoption-and-Stock-Returns-Evidence-from-Telecom
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-9561
okr.identifier.externaldocumentum
090224b08834c206_2_0
okr.identifier.internaldocumentum
32875312
okr.identifier.report
WPS9561
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/639631614702431630/pdf/Liberalization-Technology-Adoption-and-Stock-Returns-Evidence-from-Telecom.pdf
en
okr.statistics.combined
636
okr.statistics.dr
639631614702431630
okr.topic
Information and Communication Technologies :: Information Technology
okr.topic
Information and Communication Technologies :: Telecommunications Infrastructure
okr.topic
International Economics and Trade :: Trade Liberalization
okr.unit
Office of the Chief Economist, Middle East and North Africa Region

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