High-speed internet access via broadband infrastructure has developed rapidly worldwide since the late 1990s. Broadband infrastructure allows the generation and distribution of decentralized information and ideas in markets increasingly relying on information as an input. In light of modern theories of endogenous growth, this should accelerate economic growth by facilitating the development and adoption of innovation processes.
In this way, broadband infrastructure may differ not only from other types of public infrastructure such as roads and bridges, but also from more traditional telecommunications infrastructure. While the latter’s impact on economic growth has been analyzed before, the new growth theories suggest that the growth effects of modern communication networks that have emerged since may have a different quality.