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来源类型Working Paper
规范类型报告
DOI10.3386/w28427
来源IDWorking Paper 28427
A Model of the Data Economy
Maryam Farboodi; Laura Veldkamp
发表日期2021-02-08
出版年2021
语种英语
摘要In a data economy, transactions of goods and services generate information, which is stored, traded and depreciates. How are the economics of this economy different from traditional production or innovation economies? How do these differences matter for measurement of GDP, firm values, depreciation rates, welfare and externalities? Despite incorporating active experimentation and data as an intangible asset, we devise a tractable recursive representation. Because the resulting model maps to many observable macro and finance measures, it can be calibrated and estimated like its old-economy DSGE counterpart. The model also delivers insights: It rationalizes why apps are often “free,” why firm size is diverging and why even non-digital economic activity might be greater than GDP suggests.
主题Development and Growth ; Innovation and R& ; D ; Growth and Productivity
URLhttps://www.nber.org/papers/w28427
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586100
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GB/T 7714
Maryam Farboodi,Laura Veldkamp. A Model of the Data Economy. 2021.
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