Google Econometrics and Unemployment Forecasting
Applied Economics QuarterlyPublished 1 April 2009Open access
Nikos Askitas, Klaus F. Zimmermann
Citations432
SJR quartileQ4
SJR score0.16
SNIP0.26
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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. JEL Classification: C22, C82, E17, E24, E37
Keywords
Social SciencesMedicine
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