Is OTT Video a Substitute for TV? Policy Insights from Cord-Cutting

Review of Economics and Statistics ◽

10.1162/rest_a_01132 ◽

2021 ◽

pp. 1-31

Author(s):

Jacob B. Malone ◽

Aviv Nevo ◽

Zachary Nolan ◽

Jonathan W. Williams

Keyword(s):

Panel Data ◽

Internet Usage ◽

Entertainment Industry ◽

Over The Top ◽

Cutting Behavior

Abstract The video entertainment industry is experiencing increases in over-the-top (OTT) video usage and cord-cutting behavior. Using unique panel data from 2012-2016, we document the behavior of the 2.4% of households who “cut the cord” annually. After dropping TV, these households increase internet usage by 22%, reduce payments to multiple-system operators (MSOs) by 50%, and 16% acquire new OTT video subscriptions. These results indicate meaning-ful substitution between OTT video and TV and suggest that competition authorities should consider broadening market definitions. MSOs appear to have little incentive to degrade OTT video, despite OTT video's contribution to declining TV revenues.

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Which Types of Education are Important for Economic Growth?

Research in Applied Economics ◽

10.5296/rae.v11i4.15436 ◽

2019 ◽

Vol 11 (4) ◽

pp. 1

Author(s):

Yutaka Kurihara

Keyword(s):

Economic Growth ◽

Panel Data ◽

Positive Impact ◽

Internet Usage ◽

Quality Education ◽

The Other ◽

Educational Systems ◽

High Quality ◽

High Quality Education ◽

The Relationship

The relationship between education and economic growth has been discussed on numerous occasions, and there is a consensus that education plays an important role toward economic growth. This paper empirically examines 55 countries’ panel data to determine which types of education are playing important roles for achieving economic growth. The results showed that the improvement of educational systems, finance skill, Internet usage, and English proficiency has a positive impact on economic growth. On the other hand, educational systems and Internet usage also shrink inequality in the economy. High quality education for students is important for attaining economic growth, and it would confer student’s chances and opportunities and promote sound economic growth.

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Internet Usage and Household Investment on Risky Financial Assets

Proceedings of Business and Economic Studies ◽

10.26689/pbes.v3i4.1423 ◽

2020 ◽

Vol 3 (4) ◽

Author(s):

Rundong Guo

Keyword(s):

Panel Data ◽

Financial Markets ◽

Logit Model ◽

Fixed Effects ◽

Internet Usage ◽

Financial Assets ◽

Fixed Effects Model ◽

Risky Assets ◽

The Impact ◽

Part Model

Using panel data from the China Family Panel Studies for 2010, 2014 and 2016, this paper uses a two-part model, with the first part using a fixed-effects panel logit model and the second part using a linear logit fixed-effects model to study the impact of Internet usage on Chinese households' participation in risky financial markets and the intensity of investment in risky assets after participation. The results find that Internet usage can promote household participation in the risky finance market and increase household investment in risky assets. Therefore, accelerating Internet usage can promote Chinese households' participation in the risk finance market.

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