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  "documentTitle": "The Metaverse in Asia Strategies for Accelerating Economic Impact",
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      "kind": "paragraph",
      "text": "For our baseline model, we follow Waverman, Meschi, and Fuss (2005) and Andrianaivo and Kpodar (2011) to study the relationship between GDP per capita growth and mobile broadband adoption. The equation is as follows:",
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      "text": "Rearranging the lag of GDP per capita, we can estimate the following equation using ordinary least squares (OLS):",
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      "kind": "paragraph",
      "text": "vi,t = ηi + εi,t",
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      "kind": "paragraph",
      "text": "where GDPpci,t is GDP per capita in country i and year t, and mobile BBi,t is the number of mobile broadband subscriptions per 100 people in country i and year t. Following the economic growth literature, we control for other country-level variables that can impact GDP growth. Xi,t includes the following control variables: the number of fixed broadband subscriptions per 100 people, the number of patent applications per capita, secondary school enrollment, the fertility rate, government expenditure as a percent of GDP, and gross capital formation as a percent of GDP. Finally, ηi is a country fixed effect, and εi,t are idiosyncratic errors. The coefficient of interest is β.",
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      "text": "ln(GDPpci,t) - ln(GDPpci,t-1) = α ln(GDPpci,t-1) + β ln(mobile BBi,t) + Xi,t'Γ + vi,t",
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      "text": "A. Model",
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