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 activity; 2) data is information used for prediction, and 3) uncertainty …

We build a two-country general equilibrium model to analyze the effects of cross-border data flows and pre …-existing development gaps in data economies on each country's production and international trade. Raw data as byproducts of consumption can … be transformed into various types of working data (information) to be used by both domestic and foreign producers …