Google Econometrics: Unemployment in Visegrad Countries
|Author:||Bc. Jaroslav Pavlíček|
|Year:||2014 - summer|
|Leaders:|| prof. PhDr. Ladislav Krištoufek Ph.D.
|Work type:|| Bachelors
|Awards and prizes:||B.A. with distinction from the Dean of the Faculty of Social Sciences for an extraordinarily good bachelors diploma thesis.|
|Abstract:||This thesis examines the relationship between job-related Google search query indices and
unemployment rate in Visegrad countries. We found that the unemployment rate generally moves in the
same direction as the search volume index for the job-related term. The series of Google search query
indices also proved useful for prediction-making. Models with Google series showed lower MAE and
RMSE of static forecast compared to base models in all four countries. However, only models for
Poland and Slovakia showed potential for nowcasting.