Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108899
Authors: 
Pavlicek, Jaroslav
Kristoufek, Ladislav
Year of Publication: 
2015
Series/Report no.: 
FinMaP-Working Paper 34
Abstract: 
The online activity of Internet users has repeatedly been shown to provide a rich information set for various research fields. We focus on job-related searches on Google and their possible usefulness in the region of the Visegrad Group - the Czech Republic, Hungary, Poland and Slovakia. Even for rather small economies, the online searches of inhabitants can be successfully utilized for macroeconomic predictions. Specifically, we study unemployment rates and their interconnection with job-related searches. We show that Google searches enhance nowcasting models of unemployment rates for the Czech Republic and Hungary whereas for Poland and Slovakia, the results are mixed.
Subjects: 
unemployment
Google Trends
nowcasting
JEL: 
E24
E27
J64
Document Type: 
Working Paper
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