Knowledge Accumulation, Privacy, and Growth in a Data Economy
Lin William Cong,
Danxia Xie,
Longtian Zhang
Abstract:We build an endogenous growth model with consumer-generated data as a new key factor for knowledge accumulation. Consumers balance between providing data for profit and potential privacy infringement.Intermediate good producers use data to innovate and contribute to the final good production, which fuels economic growth. Data are dynamically nonrival with flexible ownership while their production is endogenous and policy-dependent. Although a decentralized economy can grow at the same rate (but are at differen… Show more
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