The Nexus between Dataization and Technological Progress in General Equilibrium of Macroeconomics (opens in new tab)

In this paper, we construct an analytical model of the data economy with empirical evidence to explain the nexus between dataization and technological progress in general equilibrium. Data originates from the dataization of firm total output and contributes to the formation and enhancement of technology. Firms use the production function with data to solve the optimal investment, while households use the endogenous interest rate from the fir...