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Google econometrics and unemployment forecasting

[research report]

Askitas, Nikos; Zimmermann, Klaus F.

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Further Details
Corporate Editor Rat für Sozial- und Wirtschaftsdaten (RatSWD)
Abstract "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." [author's abstract]
Keywords unemployment; econometrics; search engine; Internet; prognosis; analysis; time series; correlation; Federal Republic of Germany; economic behavior; statistical analysis; data; activity; empirical research; information; data collection method
Classification Research Design; Interactive, electronic Media; Labor Market Research
Document language English
Publication Year 2009
City Berlin
Page/Pages 18 p.
Series RatSWD Research Notes, 41
Status Published Version
Licence Deposit Licence - No Redistribution, No Modifications
data provider This metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne