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http://hdl.handle.net/10419/29809
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| Title: | | Google econometrics and unemployment forecasting  |
| Authors: | | Askitas, Nikolaos Zimmermann, Klaus F. |
| Issue Date: | | 2009 |
| Series/Report no.: | | Discussion papers // German Institute for Economic Research 899 |
| 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. |
| Subjects: | | Google internet keyword search search engine unemployment predictions timeseries analysis |
| JEL: | | C22 C82 E17 E24 E37 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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