“…By allowing wider access to ideas, the Internet may boost innovation (Arthur, 2007) and support more inclusive innovation, that is, the widening of the often very small group of innovating firms in emerging and developing economies (e.g., OECD, 2001;Paunov, 2013;Paunov & Rollo, 2016). The growing literature on the macroeconomic impact of the Internet has also shown that a rise in Internet use is positively associated with international trade, notably export of goods (e.g., Clarke & Wallsten, 2006;Freund & Weinhold, 2004;Gnangnon & Iyer, 2017;Lin, 2015) and export of services (e.g., Choi, 2010;Freund & Weinhold, 2002). Internet use could also help reduce inflation (e.g., Yi & Choi, 2005), exert a positive impact on economic growth (e.g., Choi and Yi, 2009), exert a reducing impact on corruption (e.g., Lio, Liu, & Ou, 2011), and positively influence exchange traded funds (ETF) (e.g., Lechman & Marszk, 2015).…”