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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w28427 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w28427 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586100 |
推荐引用方式 GB/T 7714 | Maryam Farboodi,Laura Veldkamp. A Model of the Data Economy. 2021. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w28427.pdf(654KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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