Web data and Applied Economics

Web data and Applied Economics

Pablo de PedrazaLisbon 26th March 2013

http://webdatanet.cbs.dk/

Web data & Applied Economics1.- Why quick, reliable and internationally comparable data

1.1.- The Globalization Trilemma (Rodrik 2002)

2.- Types and examples of web data2.1.- Web surveys: the Wage Indicator data 2.2.- Non reactive data: Google econometrics2.3.- Non reactive data: the twitter miner

3.- The Webdatanet scientific structure & activities

4.- Proposal



2.- Types and examples of web data2.1.- Web surveys: the Wage Indicator data 2.2.- Non reactive data: Google econometrics2.3.- Non reactive data: The twitter miner


4.- Proposal

1.- Why quick, reliable and internationally comparable data1.1.- The Globalization Trilemma (Rodrik 2002)

Economic Integration

National politics Welfare system

GLOBALIZATION TRILEMMA (Rodrik 2002)




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Protectionism




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Protectionism

Global FederalismGlobal Federalism

- Non-market global institutions

- Tremendous difficulties- Variety of systems, views, regulations.- European experience- WB, ILO, WTO…

- Political Sciences, sociology, economy, psychology

- Central role of web data collection experts bc

Global comparable data:

WEB DATA






4.- Proposal

2.- Types and examples of web data2.1.- Web surveys: the Wage Indicator data

• Wage Indicator - 80 countries (Wages, labor conditions & preferences)

- quick & cheap access (IZA Institute, Bonn)- large and growing amount of data

• Traditional flow is too slow

• Special campaigns aiming at specific groups under-represented

• Good qualities (Pedraza 2010, Pedraza & Martin 2013)

http://www.wageindicator.org/main


CVWS process


• Compare WI & SES

• Subjective job insecurity

• Happiness determinants

- WI Wages > SES Wages → Education- Same salary determinants- Good special campaigns- Good performance of PS weights

(Pedraza et al. 2010)

Theoretical model of SJICorroborated for five EU countries

(Pedraza & Bustillo 2009)

- Corroborate happiness literature

- New findings regarding - Labour - Crisis impact on H

determinants

Forthcoming as IZA Discussion Paper





4.- Proposal

2.- Types and examples of web data 2.2.- Non reactive data: Google econometrics

-Askitas & Zimmerman (2009) Google search data

-Choi & Variant (2012)

-Other sources of data on real time economic activity

- Available: http://www.google.com/trends/correlateTimely and at continual basisCountries & sometimes regions

-Find: - Strong correlation bt: search keywords & unemployment rates- Internet activity help to predict complex and fast changing conditions- Econometrics not yet tap into amount of info

MasterCard, Federal Express, UPS, Intuit…

- Search engines forecast other economic indicators:Automobiles sales, unemployment claims, travel destinations, comsumers confidence

http://www.google.com/trends/correlate





4.- Proposal

2.- Types and examples of web data 2.3.- Non reactive data: twitter miner

-Reips and Garaizar (2011)

http://maps.iscience.deusto.es/

- iScience Maps

- Allows to test the effect of an specific event in twitter

- Not yet tested it correlation with economic variables

http://maps.iscience.deusto.es/





4.- Proposal

Web data & Applied Economics

3.- The Webdatanet scientific structure & activities3.1.- Scientific Goal

3.2.- Members

3.3.- Organization: Working Groups and Task forces (WGs & TFs)

3.4.- Activities

3.5.- Next meetings


Scientific goal-Address methodological issues of web-based data collection (surveys, experiments, tests, non-reactive

data collection, and mobile Internet research) and foster its scientific usage.

-Contribute to the theoretical and empirical foundations of web-based data collection, stimulate its integration into the entire research process (i-science), and enhance the integrity and legitimacy

of these new forms of data collection.



3.2.- Members


3.4.- Activities

3.5.- Next meetings

3.- The Webdatanet scientific structure & activities3.2.- Members

(Researchers from EU but also outside the EU)

- Universities

- Data collection Institutes

- Research Institutes

- Private firms

- Statistical Institutes

- 80 members, 29 countries



3.2.- Members


3.4.- Activities

3.5.- Next meetings

WGs & TFsWG1 Quality WG2 Innovation WG3 Implementation

TF1 Measuring wages via web surveys (S. Steinmetz)

TF2 Evaluating questionnaire quality (A. Slavec)

TF3 Mixed modes & representativ.(A.Jonsdottir & K. Kalgraff)

TF4 Internet Panels Europe (A. Scherpenzeel)

TF6 New types of measurement(U. Reips)

TF7 Webdatametrics Workshops(U. Reips & K. Kissau)

TF8 Dissemination WG2 (U. Reips & A. Selkala) TF9 iScience portals (U. Reips) TF15 Non-reactive data (N. Fornara)

TF19 Mobile research ( R. Pinter & A. Wijnant)

TF20 Paradata (I. Andreadis)

TF22 Elections, Facebook & Twitter (R. Vatrapu, L. Kaczmirek)

TF10 TSE Categorization (F. Thorsdottir & S. Biffignandi)

TF 11 How web change empirical world (S. Steinmetz & K. Manfreda)

TF16 Selecting surveys (M. Revilla)

TF17 Web data & Official Statistics (S. Biffignandi)

TF21 GenPopWeb (G.Nicolas)

TF23 Applied Economics and web data (P. Pedraza)

TF14 Development & supervision of the web (F. Serrano & C. Zimmerman)TF12 Master in webdatametrics (Alberto Villacampa)TF18 Organization of Iceland meeting (F. Thorsdottir, A. Jonsdottir & V. Vesteinsdottir)

3.- The Webdatanet scientific structure & activities3.3.- Organization: Working Groups and Task forces (WGs & TFs)

http://www.ijis.net/ijis7_1/ijis7_1_supplement.pdf

http://www.ijis.net/ijis7_1/ijis7_1_supplement.pdf



3.2.- Members


3.4.- Activities

3.5.- Next meetings

















TF23 Applied Economics and web data(P. Pedraza)


WGs & TFs can use:

-Meetings

-STSMs (2500€)

-Training Schools (TS) (Ljubljana 10-12 of April)

-Webdatametrics Workshops (WW)Bergamo Webdatametrics Workshop I (WG2 & WG3), 22 and 23 January 2013

-Workshops (GOR workshops)

-Involvement of ESR & PhD students (STSM, TS, WW, TFs ...)

-AIAS-WEBDATANET Working papers

http://webdatanet.cbs.dk/index.php/data/99
























TF23 Applied Economics and web data(P. Pedraza)


WGs & TFs can use:

-Meetings

-STSMs (2500€)

-Training Schools (TS) (Ljubljana 10-12 of April)

-Webdatametrics Workshops (WW)Bergamo Webdatametrics Workshop I (WG2 & WG3), 22 and 23 January 2013

-Workshops (GOR workshops)

-Involvement of ESR & PhD students (STSM, TS, WW, TFs ...)

-AIAS-WEBDATANET Working papers

1.- Increase interaction, communication and understanding between web surveyors, other web based data collection experts and analyses.

2.- State of the art from a multidisciplinary perspective.

3.- Identify frontiers of knowledge

4.- Creative thinking

5.- Theoretical foundations of web surveys take into account innovationsINCREASE interaction, communication and understanding across WEBDATANET disciplines

WEBDATAMETRICS “General concept that emerges from the existing diverse variety of disciplines related to web data collection methods and analyses. Putting this knowledge

together webdatametrics aim to generate new knowledge to take advance of ICT to collect data for scientific proposes”

TF12 Master in webdatametrics (Alberto Villacampa)











3.2.- Members


3.4.- Activities

3.5.- Next meetings

Webdatanet scientific coordination

4.- Next meeting and events- Mannheim 7th, 8th March 2013

- 1st Trainning School: Implementing high quality web survyes, Ljubljana 10-12 April 2013

-Core Group Meeting, Salamanca 18-19 April 2013 (maybe also some TFs)

-Iceland September 2013 (TF meetings, Webdatametrics Workshop, Key note speaker)

- Greece, Spring 2014

- Cypus, Autum 2014



2.- Types and examples of web data2.1.- Web surveys: the Wage Indicator data 2.2.- Non reactive data: Google econometrics & the

twitter miner2.3.- Testing and experimenting


4.- Proposal

Proposal WG1 Quality WG2 Innovation WG3 Implementation
















TF23 Applied Economics and web data (P. Pedraza)


- Start testing simple models using Google & Wage Indicator

- Organize a training school on Google data & others

- STSM (PhD)

- Join proposals

- Participate in our meetings

- Help in organizing:

- http://www.iza.org/conference_files/worldb2013/call_for_papers

- http://openeconomics.net/events/workshop-june-2013/

http://www.iza.org/conference_files/worldb2013/call_for_papers

http://openeconomics.net/events/workshop-june-2013/

http://openeconomics.net/events/workshop-june-2013/


Visit www.webdatanet.eu& contact us

[email protected]

Pablo de Pedraza

Lisbon March 26th, 2013

http://www.webdatanet.eu/


Muito Obrigado

Lisbon March 26th, 2013


Web data and Applied Economics

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