Subscribe To This Journal

Subscriber Access Request

ISSN Print 1611-6607

ISSN Online 1865-5122

< Previous Article
Volume 55, Issue 2 (April 2009)
Nikolaos Askitas, Klaus F. Zimmermann, (2009). Google Econometrics and Unemployment Forecasting. Applied Economics Quarterly: Vol. 55, No. 2, pp. 107-120.
doi: 10.3790/aeq.55.2.107

Google Econometrics and Unemployment Forecasting

Nikolaos Askitas,

Nikolaos Askitas, Bonn University, IZA, 53072 Bonn, Germany.

Klaus F. Zimmermann

Klaus F. Zimmermann, Bonn University, IZA, 53072 Bonn, Germany, and DIW Berlin, Germany.



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

Cited by

Chien Chin Chen, Yi-Tian Tsai. (2012) A novel business cycle surveillance system using the query logs of search engines. Knowledge-Based Systems
Online publication date: 1-Jan-2012.
CrossRef
Geoffrey Peter Smith. (2012) Google Internet search activity and volatility prediction in the market for foreign currency. Finance Research Letters
CrossRef
Simeon Vosen, Torsten Schmidt. (2011) Forecasting private consumption: survey-based indicators vs. Google trends. Journal of Forecasting 30:6, 565-578
Online publication date: 1-Sep-2011.
CrossRef
Joseph T. Ripberger. (2011) Capturing Curiosity: Using Internet Search Trends to Measure Public Attentiveness. Policy Studies Journal 39:2, 239-259
Online publication date: 1-May-2011.
CrossRef
John W. Ayers, Kurt M. Ribisl, John S. Brownstein. (2011) Tracking the Rise in Popularity of Electronic Nicotine Delivery Systems (Electronic Cigarettes) Using Search Query Surveillance. American Journal of Preventive Medicine 40:4, 448-453
Online publication date: 1-Apr-2011.
CrossRef
Nathan Tefft. (2011) Insights on unemployment, unemployment insurance, and mental health. Journal of Health Economics 30:2, 258-264
Online publication date: 1-Mar-2011.
CrossRef
S. Goel, J. M. Hofman, S. Lahaie, D. M. Pennock, D. J. Watts. (2010) Predicting consumer behavior with Web search. Proceedings of the National Academy of Sciences 107:41, 17486-17490
Online publication date: 12-Oct-2010.
CrossRef