The value of data in the economy

Simon Lange and Vincenzo Spiezia

Chapter 34 in Handbook on Intangibles, 2026, pp 641-668 from Edward Elgar Publishing

Abstract: Over the last two decades, data have become an increasingly important input into the production of many goods and services. But just how important? What is the value of data – their contribution to productivity and growth? Answering these questions would help inform important academic and policy debates on innovation and productivity growth, privacy and cross-border data flows. This chapter discusses the feasibility of market-, income- and cost-based approaches to estimating the value data at the industry and macroeconomic level, their advantages and shortcomings and their applicability in different contexts.

Keywords: Data; Intangibles; National accounts; Valuation; Sum-of-cost; Markets (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035306367
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