Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125429
Authors: 
Askitas, Nikolaos
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2015 [Issue:] 206
Abstract: 
Using Google search activity data can help detect, in real time and at high frequency, a wide spectrum of breaking socio-economic trends around the world. This wealth of data is the result of an ongoing and ever more pervasive digitization of information. Search activity data stand in contrast to more traditional economic measurement approaches, which are still tailored to an earlier era of scarce computing power. Search activity data can be used for more timely, informed, and effective policy making for the benefit of society, particularly in times of crisis. Indeed, having such data shifts the relation between theory and the data to support it.
Subjects: 
internet
big data
Google search activity data
nowcasting
matching supply and demand for information
JEL: 
C82
Persistent Identifier of the first edition: 
Document Type: 
Article

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