Welfare Effects of the EU GDPR and Data Localization Measures

Kyu Yub Lee (), Moonhee Cho (), Jungu Kang () and Minji Kang ()
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Kyu Yub Lee: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Moonhee Cho: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Jungu Kang: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Minji Kang: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do

No 19-7, World Economy Brief from Korea Institute for International Economic Policy

Abstract: In this study, we set up a quantitative trade model with data protection regulation in order to examine the welfare impact of the EU GDPR and data localiztaion measures on the global economy in a unified framework. Data localization measures can create additional trade costs, which can serve as trade barriers for firms in trading partners that rely on cross-border data flows. Aslo, the EU’s achievements realized by the GDPR may come mainly at the cost of trading partners consisting of non-EU countries.

Keywords: EU; GDPR; Welfare Effects (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2019-04-03
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2019_007

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