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.
|Date of creation:||Jun 2009|
|Publication status:||published in: Applied Economics Quarterly, 2009, 55 (2), 107-120. [Open Access]|
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- Engle, Robert F & Granger, Clive W J, 1987.
"Co-integration and Error Correction: Representation, Estimation, and Testing,"
Econometric Society, vol. 55(2), pages 251-76, March.
- Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 39(3), pages 106-135.
- Amelie Constant & Klaus F. Zimmermann, 2008. "Im Angesicht der Krise: US-Präsidentschaftswahlen in transnationaler Sicht," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 75(44), pages 688-701.
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