IARIW-CIGI Conference November 2-3, 2023

“The Valuation of Data”
November 2 – 3, 2023, Waterloo, Ontario, Canada

Preliminary Program (October 31, 2023)


Wednesday, November 1, 2023

7:00 PM – 9:00 PM: Opening Reception
Location: S&V Uptown (15 King Street North, Waterloo)


Thursday, November 2, 2023

8:00 AM- 9:00 AM: Registration
9:00 AM- 9:15 AM: Opening Remarks
  • Catherine Van Rompaey (World Bank and IARIW President)
  • Bob Fay (CIGI)


9:15 AM – 10:00 AM: Keynote Address
Chair: Catherine Van Rompaey (World Bank and IARIW President)
  • Diane Coyle (Cambridge University) – “Why Do We Need to Value Data?”
10:00 AM- 11:00 AM: Session 1
Session 1: Methodologies of Data Valuation: National Accounts Approaches
Chair: Diane Coyle (Cambridge University)
  1. “Toward Data as an Asset in the System of National Accounts” 

John Mitchell (OECD) Nicola Massarelli (Eurostat), Richard Heys (ONS) and Erich Strassner (IMF)

Discussant: Tim Sargent (CSLS)

  1. “Estimation of Investment in and Stock of Data in the Canadian System of National Accounts” 

Brenda Bugge (Statistics Canada), Koami Amegble (Statistics Canada) and Amanda Sinclair (Statistics Canada)

Discussant: Marshall Reinsdorf (IMF retired)

11:00 AM – 11:30 AM: Break


11:30 AM – 1:00 PM: Session 2
Session 2: Methodologies of Data Valuation – I
Chair: Catherine Van Rompaey (IARIW and World Bank)
  1. “Valuing the U.S. Data Economy Using Machine Learning and Online Job Postings”

José Bayoán Santiago Calderón (Bureau of Economic Analysis) and Dylan G Rassier (Public Company Accounting Oversight Board)

Discussant: Amanda Sinclair (Statistics Canada)

  1. “Online Platforms’ Creative “Disruption” in Organizational Capital – The Accumulated Information of the Firm: The Depreciation of the Value of Data”

Wendy C.Y. Li (Moon Economics Institute) and Peter J Chi (University of California)

Discussant: John Deighton (Harvard Universty)

  1. “Data Enclaves: Valuing Google’s Data Assets” 

Kean Birch (York University)

Discussant: John Deighton (Harvard Universty)


1:00 PM- 2:00 PM: Lunch


2:00 PM-3:00 PM: Session 3
Session 3: Methodologies of Data Valuation – II
Chair:   Bob Fay (CIGI)
  1. “Unpacking the Valuation of Data in the Data-Driven Economy” 

Dan Ciuriak (Centre for International Governance Innovation)

Discussant: Sean Martin McDonald (CIGI)

  1. “An Inquiry into the Production of Data and How it Creates Value Throughout the Ambient Economy” 

David Eliot (University of Ottawa and The Pierre Elliott Trudeau Foundation (PhD Scholar))

Discussant: Georgia Meyer (London School of Economics and Political Science (LSE))

3:00 PM- 3:30 PM: Break


3:30 PM – 5:00 PM: Session 4
Session 4: Methodologies of Data Valuation: Special Topics
Chair: Andrew Sharpe (IARIW and Centre for the Study of Living Standards)
  1. “The Value of Statistics: Progress Report on the ONS-UNECE Task Force” 

Richard Heys (ONS)

Discussant: Michael Wolfson(University of Ottawa)

  1. “Private Funding of Free Data: A Theoretical Framework”

Rachel Harris Soloveichik (Bureau of Economic Analysis)

Discussant: Diane Coyle (Cambridge University)

  1. “Global Distribution of Economic Values of Cross-Border Data Flows” 

Wendy C.Y. Li (Moon Economics Institute)

Discussant: Dan Ciuriak (CIGI)


5:30 PM – 6:30 PM: Reception (Delta Hotel)


6:30 PM – 7:30 PM: Conference Dinner
Chair:  Bob Fay (CIGI)


Joe Blit (University of Waterloo)

Jimmy Lin (Universty of Waterloo)

“From past tech to present AI: how our economy is set to be disrupted.”


Friday, November 3, 2023


9:00 AM – 10:00 AM: Session 5
Session 5: Economic Perspectives on the Value of Data and Other Intangibles
Chair: Bob Fay (CIGI)
  1. “Data, Intangible Capital, and Economic Growth in Canada”

Wulong Gu (Statistics Canada) and Ryan Macdonald (Statistics Canada)

Discussant: Tim Sargent (Centre for the Study of Living Standards)

2. “On the Measurement of “Data” in Economic Analysis and National Statistics” 

Michael Wolfson (University of Ottawa)

Discussant: Marshall Reinsdorf (IMF retired)


10:00 AM – 11:30 AM: Session 6
Session 6: The Valuation of Personal and Health Data
Chair: Carolina Rossini (Datasphere Initiative))
  1. “Mapping the Relational amidst Consent Permissions in Personal Data Stores: Constructing (and Valuing) the (Data) Future(s)” 

Georgia Meyer (London School of Economics and Political Science (LSE))

Discussant: Hayane Dahmen (University of Toronto)

  1. “Data as Representation”

Sean Martin McDonald (CIGI) and Ben Gansky (Arizona State University)

Discussant: Kean Birch (York University)

3. “Flipping the Script: A Buyers’ Perspective on the Value of Data” 

Jennifer Webster (Pfizer), Beverly Buckta (Pfizer), Richard Urena (Pfizer) and Joseph Donaldson (Pfizer)

Discussant: Keldon Bester (CIGI)


11:30 PM – 12:00 PM: Break


12:00 PM – 1:00 PM: Session 7
Session 7: Data Governance 
Chair: Tim Sargent (Cenre for the Study of Living Standards)
  1. “Better Governance to Unleash the Value of Data: China’s Practice of Building a Data Trading System in the Global Context”

Alex He (Centre for International Governance Innovation) and Rebecca Arcesati (Mercator Institute for China Studies (MERICS))

Discussant: Hongying Wang (University of Waterloo)

  1.  “Governance Framework for a FAIR and Care Health Synthetic Data Ecosystem’”

Helen H Chen (University of Waterloo, School of Public Health Sciences), Maura Grossman (University of Waterloo, Cheriton School of Computer Science), Anindya Sen (Department of Economics, University of Waterloo ) and Shu-feng Tsao (University of Waterloo, School of Public Health Sciences)

Discussant: Michael Wolfson (Univesity of Ottawa)


1:00 PM – 2:00 PM: Lunch


2:00 PM – 3:00 PM: Session 8
Session 8: Policy Implications of the Valuation of Data 
Chair:  Anindya Sen (University of Waterloo)
  1. “Data Valuation for Knowledge Sharing and Decision Making” 

Gabriel Kulomba Simbila (National Bureau of Statistics of Tanzania)

Discussant: Carolina Rossini (Datasphere Initiative)

  1. “Increasing the Value in Use of Open Government Data in Small Island Developing Countries” 

Lila Rao (University of the West Indies) and Maurice McNaughton (University of the West Indies)

Discussant: Catherine Van Rompaey (World Bank)

3:00 PM – 3:15 PM: Break


3:15 PM – 4:55 PM: Closing Panel on Policy Issues Related to the Valuation of Data
Chair: Bob Fay (CIGI)


Marshall Reinsdorf (IMF retired )

Alison Gillwald (ICT Africa)

Jim Hinton (CIGI)

Patricia Meredith (CIGI Fellow)

Carolina Rossini (Datasphere Initiative)


4:55 PM – 5:00 PM: Closing remarks

Bob Fay (CIGI)

Catherine Van Rompaey (World Bank)

6:30 PM: Free Night

Saturday, November 4, 2023

8:45 AM – 7:00 PM
  • Excursion to the Adam Beck Power Generating Station at Niagara Falls and the Alexander Graham Bell Family Homestead National Historical site in Brantford.

Program Committee:

        • Diane Coyle (Co-Chair, Bennett Professor of Public Policy and co-director of the Bennett Institute for Public Policy at the University of Cambridge) – Bio
        • Bob Fay (Co-Chair, Managing Director, Digital Economy Research at CIGI) – Bio
        • Alison Gillwald (Executive Director of Research ICT Africa) –Bio
        • Richard Heys (Deputy Director at the ONS) – Bio
        • Wendy Li (Executive Director of Moon Economics Institute) – Bio
        • Marshall Reinsdorf (Former Senior Economist of the IMF) – Bio
        • Carolina Rossini (Co-Founder and Director for Policy and Research, Datasphere Initiative) – Bio