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Welfare Effects of the EU GDPR and Data Localization Measures

Author

Listed:
  • Lee, Kyu Yub

    (Korea Institute for International Economic Policy)

  • Cho, Moonhee

    (Korea Institute for International Economic Policy)

  • Kang, Jungu

    (Korea Institute for International Economic Policy)

  • Kang, Minji

    (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.

Suggested Citation

  • Lee, Kyu Yub & Cho, Moonhee & Kang, Jungu & Kang, Minji, 2019. "Welfare Effects of the EU GDPR and Data Localization Measures," World Economy Brief 19-7, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2019_007
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    More about this item

    Keywords

    EU; GDPR; Welfare Effects;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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