The 15-Billion-Dollar Broadband Bonus

What is the economic value created by the increasing use of broadband? There are two alternative economic concepts for understanding the value created by a new good, one pertaining to gross domestic product (GDP) and another pertaining to users. Greenstein combines the two concepts to estimate the overall economic value created by broadband. He estimates that broadband created at least an additional 15 billion dollars of economic value in 2006, but less than half of that shows up in GDP.