The manufacturing industry accounts for a significant share of the industrial sector in developed countries. The final products can either serve as a finished good for sale to customers or as intermediate goods used in the production process.
Impact of telecommunication industry on Nigeria economic growth cannot be overemphasized. The industry has remain a major driver of innovation and transfer of technology to Nigeria economy. The mobile telecommunications industry has grown rapidly over the last three decades representing one of the most intriguing stories of technology diffusion.
Since mobile subscribers have exceeded the number of fixed lines globally.
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The process to achieve what fixed phones have struggled for more than years took less than a fifth of the time for mobile networks. This cross-over time of mobile users has been even shorter for developing countries. At the end of the number of mobile telecommunications subscribers reached 4.
This technology is particularly relevant in developing countries, where there are more than twice as many subscriptions 3. While the determinants for the diffusion of mobile telecommunications have been extensively studied e.
Gruber and Verboven, ; Koski and Kretschmer, ; Gruber and Koutroumpis, relatively little is known about the impact of this technology at a macroeconomic level.
In fact, mobile telecommunications deeply affect the way users interact and have significant externalities for the economic activities that they are used. There is widespread anecdotal evidence about the surge of new companies and business models with worldwide brands linked to the sector e.
Because of the lower access cost to the user compared to wired telecommunications, linked with the solution of the problem of creditworthiness of customer through prepaid cards, the technology could reach completely new segments of population particularly in developing countries.
Revenues of the mobile telecommunications account nowadays for a significant percentage of GDP especially in developing countries, where mobile telecommunications have also been an important and efficient means for tax collection.
Moreover, telecommunications infrastructure has significant network externalities. This has frequently been referred as a direct network externality Economides and Himmelberg,with the implication that critical mass effects may occur when certain threshold levels of diffusion occur which can then trigger off additional benefits, such as the availability of new services.
Ultimately one would expect increasing returns from the adoption of the technology. As a result low penetration countries, which typically are developing countries, could have a double disadvantage: Hence, the economic cost in terms of foregone growth is highest in less diffusion countries. Still talking about impact of telecommunication industry on Nigeria economic growth This paper assesses the impact of telecommunications on growth taking into account the fact that economic growth is itself a determinant for the diffusion of mobile telecommunications.
The most appropriate setting appears therefore a simultaneous equation model. Compared to a single equation model, this corrects for possible simultaneity biases that are most likely to underestimate the impact of mobile telecommunications on growth. Modelling mobile telecommunications diffusion as endogenous allows for a more accurate estimate of its impact on growth.
This leads also the ranking of countries into clusters that identify threshold market penetration levels at which critical mass effects are enlarged.
NITEL was public ally owned until late when it was partially privatized and since then there have being crisis in the organization. There are five digital mobile GSM operators MTN, Glo, Airtel, Etisalat and Mteland 20 other operators have been licensed to provide fixed wireless services at national and regional levels.
All six geopolitical zones have Internet access, and efforts are being made to pursue to increase penetration. Inthe penetration rate was 1 in persons; by the ratio had improved to Nigeria is a member of the consortium that runs the SAT-3 submarine fibre optic cable.
It was concluded that GSM is an emerging communication industry in African with Nigeria rates as one of the fastest growing market in this field of communication but with both positive and negative effects.
One of the negative effects which this report tries to look upon is the inability of the subscribers to identify exactly the geographic location of their callers or receivers respectively.
So, there is a need to combating such problem in Nigerian telecommunication industries. The internet has become an important tool for business growth, social activities and research in Nigeria. While the interest is well integrated into education, business and social activities in North America, Europe and part of Asia, Nigeria can be said to be attempting giant strides in embracing its usefulness and applications.
Internet has sprung in major cities, a large majority of internet access is provided by telecommunication sector and very few business organizations could afford them.
Still talking about impact of telecommunication industry on Nigeria economic growth These problems militating against the telecommunication sector have strong impact on the income generation of the Nigerian economy.
And, the more problem the telecommunication sectors faced, the costlier it becomes to use the services of the telecommunication sector.
This will increase the cost of production, since business firm is a customer to the telecommunication sector and the profit of the business sector could shrink. This broad objective can be subdivided into the following smaller objectives: Nigeria being part of the global village, is not left out of this world development.
This research work is carried out to study how trade openness has influenced the performance of the Nigeria economy through output growth in the presence of other internal and external shocks. It will help the government to see the effectiveness of telecommunication policy on the economic growth of the nation over the years.
This research work will further serve as a guide and provide insight for future research on this topic and related field for students who are willing to improve it.India's telecommunication network is the second largest in the world by number of telephone users (both fixed and mobile phone) with billion subscribers as on 31 July It has one of the lowest call tariffs in the world enabled by mega telecom operators and hyper-competition among them.
As on 31 July , India has the world's second .
An Analysis of the Key Macro. An analysis of the key macro and micro economics factors which impact on the current UK housing market Introduction This paper . Telecommunication is the transmission of signs, signals, messages, words, writings, images and sounds or information of any nature by wire, radio, optical or electromagnetic systems.
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The main studies of this paper aim to understand economics for telecommunication industry in Thailand and the major factors that affect the competitive structure.
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