information technology (IT) on economic growth. A consensus has emerged that the remarkable behavior of IT prices provides the key … to the surge in U.S. economic growth after 1995. The relentless decline in the prices of information technology equipment … after 1995 has counterparts in all other industrialized countries. It is essential to use comparable data and methodology in …

The rise of information technology and big data analytics has given rise to "the new economy." But are its economics … features of data: 1) Data is a by-product of economic activity; 2) data is information used for prediction, and 3) uncertainty … new? This article constructs a growth model where firms accumulate data, instead of capital. We incorporate three key …