# Prof. Arun Sundararajan on the growth of the sharing economy

1 Faculty News January 13, 2014 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-01-13/why-does-new-york-hate-the-sharing-economy-.html) -- "Services like Airbnb, RelayRides and DogVacay are on track to account for 'at least a single-digit percentage' of GDP in five years, said [Arun Sundararajan](http://w4.stern.nyu.edu/faculty/bio/arun-sundararajan), a professor at the Stern School of Business."

[Read more](http://www.bloomberg.com/news/2014-01-13/why-does-new-york-hate-the-sharing-economy-.html)