<p>The main result of the study can be summarized as follows:</p>
<p>> Doubling broadband speeds for an economy can add 0.3 percent to GDP growth, in a simulation relative to the base year 2008</p>
<p>> The benefits of faster broadband can be categorized as:</p>
<p>– Economic effects, including increased innovation and productivity in business</p>
<p>– Social effects, including better access to services and improved healthcare</p>
<p>– Environmental effects, including more efficient energy consumption </p>
<p> </p>
<p>The main findings of the microeconomic investigation can be summarized as follows:</p>
<p>> Broadband access affects development:</p>
<p>– In OECD countries, gaining 4 Mbps of broadband increases household income by USD 2,100 per year</p>
<p>– In BIC countries, introducing a 0.5 Mbps broadband connection increases household income by USD 800 per year</p>
<p>> Broadband speed upgrades affect development:</p>
<p>– In OECD countries, upgrading from 0.5 Mbps to 4 Mbps increases income by around USD 322 per month</p>
<p>– In BIC countries, upgrading from 0.5 to 4 Mbps increases income by USD 46 per month </p>