Welfare Effects of the EU GDPR and Data Localization Measures

5 Pages Posted: 20 Jun 2019

See all articles by Kyu Yub Lee

Kyu Yub Lee

Korea Institute for International Economic Policy

Moon hee Cho

Korea Institute for International Economic Policy

Jungu Kang

Korea Institute for International Economic Policy

Minji Kang

Korea Institute for International Economic Policy

Date Written: April 3, 2019

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: Welfare, EU, GDPR

Suggested Citation

Lee, Kyu Yub and Cho, Moon hee and Kang, Jungu and Kang, Minji, Welfare Effects of the EU GDPR and Data Localization Measures (April 3, 2019). KIEP Research Paper, World Economy Brief 19-07. Available at SSRN: https://ssrn.com/abstract=3407208 or http://dx.doi.org/10.2139/ssrn.3407208

Kyu Yub Lee (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Moon hee Cho

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jungu Kang

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Minji Kang

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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