The rise of information technology and big data analytics has given rise to "the new economy." But are its economics new? This article constructs a growth model where firms accumulate data, instead of capital. We incorporate three key features of data: 1) Data is a by-product of economic...

It is estimated that approximately 90% of data in the world today was created in the last two years. Data has the power to solve some of the most pressing challenges facing society. However, most of the data remain siloed, fragmented, and unavailable for deriving social and economic value. This...

Large online platforms using data operate globally. Valuing data is problematic, yet this is crucial for informed policy decisions. We first demonstrate a novel sectoral methodology for estimating the economic value of markets for data, estimating the market size for data in the global...

Financial data are key to various law enforcement processes, including criminal investigations, anti-money laundering strategies and the implementation of national fiscal policies. However, financial data also qualify as personal data.While law enforcement objectives can derogate certain...