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  "documentTitle": "The Metaverse in Asia Strategies for Accelerating Economic Impact",
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      "text": "Our main result is that if the metaverse were to be adopted and grow in a similar way as mobile technology, then we would expect it to be associated with a 2.8% contribution to global GDP after 10 years.",
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      "text": "Metaverse's Total Contribution to GDP: $3.01",
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      "text": "We then apply the same estimated impact of adoption on GDP and the same compound annual growth rate of mobile adoption to obtain an estimate of the metaverse's contribution to GDP after the first 10 years of its adoption. Our main result is that if the metaverse were to be adopted and grow in a similar way as mobile technology, then we would expect it to be associated with a 2.8% contribution to global GDP after 10 years. These numbers represent incremental growth in GDP associated with the metaverse and do not account for any potential displacement of GDP from other industries and sectors that may also occur over time. Regional results are shown in Figure 2 below.",
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      "text": "The extent to which our mobile technology model provides a good estimate of the economic potential of the metaverse depends on how similar the rate and extent of metaverse adoption and its impact ultimately are relative to the rate and extent of mobile technology adoption and its impact. It is impossible to know today whether these assumptions will hold, but we can identify some factors that may contribute to future outcomes. For example, development of the infrastructure and technology required for the metaverse is expected to take time, and building an accessible, inclusive, and safe metaverse is also going to play a vital role in accelerating metaverse adoption",
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      "text": "If we assume that metaverse adoption were to begin today, in 2022, then we can also estimate the metaverse's potential contribution to GDP in dollars and compare it to industry projections of the potential size of the metaverse. Our model implies that if metaverse adoption began today, it would have a contribution to global GDP of $3.01 trillion (measured in 2015 U.S. dollars) in 2031. This estimate lies within the range of existing industry projections, which include estimates ranging from $800 billion to $2 trillion over the next few years, which tend to focus on near-term impacts on gaming, social media, ecommerce, and live entertainment, for example, to long-term estimates ranging from approximately $3 trillion to over $80 trillion.",
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      "text": "mobile broadband adoption from the International Telecommunication Union and (2) GDP and a set of control variables from the World Bank, for the period 2007-2019. Our regression results indicate that a 10% increase in mobile broadband adoption is associated with a 0.087 percentage point increase in GDP growth.",
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      "text": "2 For Canada, the compound annual growth rate of mobile adoption and the metaverse's share of 10th year GDP and total contribution to GDP in 2031 are likely understated due to limited data availability. See Sections IV-V.",
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      "text": "Region, Compound Annual Growth Rate of Mobile Adoption, Assumed Secular GDP Growth, Metaverse's Share of 10th Year GDP, Metaverse's Total Contribution to GDP in 2031 ($ Trillions)",
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      "text": "THE POTENTIAL GLOBAL ECONOMIC IMPACT OF THE METAVERSE",
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      "text": "Figure 2. Summary of Results",
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