Google Econometrics and Unemployment Forecasting
نویسندگان
چکیده
Google Econometrics and Unemployment Forecasting The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and exhibits a strong potential for the method used. JEL Classification: C22, C82, E17, E24, E37
منابع مشابه
Forecasting unemployment with internet search data: Does it help to improve predictions when job destruction is skyrocketing?
Article history: Received 23 April 2014 Received in revised form 8 December 2014 Accepted 17 December 2014 Available online 6 January 2015 As more and more daily activities take place online, data on internet behaviour is becoming a key information source. In this sense, several papers have explored the usefulness of internet search data in order to improve the nowcasting and forecasting of eco...
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