1、AN ECONOMIC ANALYSIS OF 5G WIRELESS DEPLOYMENT: IMPACT ON THE U.S. AND LOCAL ECONOMIES James E. Prieger Professor School of Public Policy Pepperdine University Malibu, California james.priegerpepperdine.edu February 2020 About this reportAbout this report This report was commissioned by Verizon. All
2、 opinions herein are those of the author and do not necessarily reflect the opinions of Verizon or ACT or any of the institutions with which they are affiliated. James E. Prieger is an economist and professor of public policy at Pepperdine University. He specializes in regulatory economics, industri
3、al organization, and applied econometrics. Previously, he was an assistant professor of economics at the University of California, Davis. Prieger spent a year as Senior Economist at the Federal Communications Commissions Office of Strategic Plans and Policy. He received his Bachelor of Arts degree f
4、rom Yale University and his PhD from the University of California, Berkeley. An economic analysis of 5G wireless deployment: Impact on the U.S. and local economies I. Executive summary The U.S. has never been a more connected nation, and 5G is the next generation of wireless network technology.1 5G
5、offers higher transmission rates, more reliable connectivity, and lower latency, allowing businesses and consumers to perform existing and entirely new tasks better and cheaper. This report examines the potential of 5G as a general-purpose technology to unleash improvements in economic productivity,
6、 employment, and consumer value. 5G will be an important driver of economic growth in the nation. Investment to create 5G networks contributes directly to GDP, and $225 billion in capital expenditure will be needed over the next seven years or so to fully deploy 5G. However, this direct effect on GD