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The document discusses the impact of the data economy on macroeconomic concepts, highlighting the need for economists to adapt traditional models to incorporate data as a significant factor in production and economic measurement. It explores challenges in measuring GDP and the value of digital goods, as well as the implications of data on growth, trade, pricing, and firm dynamics. The authors propose frameworks to better understand the role of data in the economy and suggest that the digital revolution may
- Author
- Alfred An
- Language
- EN