Marco Colagrossi
ABSTRACT
This contribution shows our ongoing work aimed at monitoring societal issues and economic activities (e.g., industrial production, unemployment, loneliness, cultural participation) across EU member states mining unconventional data sources to complement official statistics. Considered unconventional data sources include the Global Dataset of Events, Language and Tone (GDELT), Google Search data, and Dow Jones Data, News and Analytics (DNA). We show an early experiment aiming at nowcasting unemployment in Germany, Spain, France, and Italy, demonstrating the added value of these data both for scholars and policymakers.
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Index Terms
- Tracking socio-economic activities in European countries with unconventional data
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