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Construction Of Economic Indicators Using Internet Searches

Author

Listed:
  • Mioara, POPESCU

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

The volume of online data searches can be used as indicators of economic analysis and forecasting. This paper reviews some of the applications that use the large data sets provided by the Internet user searches and presents a very specific case for Romanian economy. These data provide some additional information relative to existing surveys and with further development, internet search data could become an important tool for analysis and prediction.

Suggested Citation

  • Mioara, POPESCU, 2015. "Construction Of Economic Indicators Using Internet Searches," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 6(1), pages 25-31.
    • Handle: RePEc:ris:sphecs:0221
    as

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    References listed on IDEAS

    as
    1. McLaren, Nick & Shanbhogue, Rachana, 2011. "Using internet search data as economic indicators," Bank of England Quarterly Bulletin, Bank of England, vol. 51(2), pages 134-140.
    2. Scott Baker & Andrey Fradkin, 2011. "What Drives Job Search? Evidence from Google Search Data," Discussion Papers 10-020, Stanford Institute for Economic Policy Research.
    3. Jennifer L. Castle & Nicholas W.P. Fawcett & David F. Hendry, 2009. "Nowcasting Is Not Just Contemporaneous Forecasting," National Institute Economic Review, National Institute of Economic and Social Research, vol. 210(1), pages 71-89, October.
    4. Hyunyoung Choi & Hal Varian, 2012. "Predicting the Present with Google Trends," The Economic Record, The Economic Society of Australia, vol. 88(s1), pages 2-9, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    nowcasting; economic indicators; forecasting; big data;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General

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