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http://dx.doi.org/10.22693/NIAIP.2020.27.3.003

The Effects of GDPR on the Digital Economy: Evidence from the Literature  

Prasad, Aryamala (Regulatory Studies Center, Trachtenberg School of Public Policy and Public Administration, George Washington University)
Perez, Daniel R. (Regulatory Studies Center, Trachtenberg School of Public Policy and Public Administration, George Washington University)
Publication Information
Informatization Policy / v.27, no.3, 2020 , pp. 3-18 More about this Journal
Abstract
In the growing digitalized world, the European Union implemented the General Data Protection Regulation(GDPR) to establish a comprehensive data protection framework across member states. Given the constitutional roots of GDPR, the EU's regulatory approach is different than other data protection regimes. The new regulation has strengthened individual rights to data protection, but it also introduced several obligations for businesses that collect and process personal data. We review the existing literature on privacy, particularly GDPR, from a policy perspective. The evidence outlines data regulation's effects on competition, innovation, marketing activities, and cross-border data flows. The discussion highlights the tradeoffs between increased regulation of data protection and its effects on the market.
Keywords
GDPR; regulation; data protection; privacy; digital economy;
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