A new paper from Liran Einav and Jonathan Levin:
Many believe that “big data” will transform business, government and other aspects of the economy. In this article we discuss how new data may impact economic policy and economic research. Large-scale administrative datasets and proprietary private sector data can greatly improve the way we measure, track and describe economic activity. They also can enable novel research designs that allow researchers to trace the consequences of different events or policies. We discuss some of the challenges in accessing and making use of these data. We also consider whether the big data predictive modeling tools that have emerged in statistics and computer science may prove useful in economics.
19 Responses
An interesting read! One problem related to limited data access is data accuracy, and information once published many times becomes the official number, as highlighted by @D_Brautigam in her article (Rubbery Numbers on Chinese Aid). I think we need to make information more freely available in order to take better advantage of the opportunities offered by big data.
Does big data have a future in economic analysis? – http://t.co/926QIw5d2n
RT @jgershman: Does big data have a future in economic analysis? http://t.co/bRWSr1cLfQ
Does big data have a future in economic analysis? http://t.co/bRWSr1cLfQ
RT @cblatts: Does big data have a future in economic analysis? http://t.co/pQXSAdmRq6
Does big data have a future in economic analysis? http://t.co/3LDb7uw6TK
How will big data affect economic analysis? http://t.co/Iz3AJPcHTk http://t.co/7lWYIFEMRc ht @cblatts @dmckenzie001
Does big data have a future in economic analysis? http://t.co/4wskTs0659
@cblatts Here is the direct link to the Einav/Levin paper on big data http://t.co/og8NcYb0VG – see p26/27 on dissertations using this data.
RT @cblatts: Does big data have a future in economic analysis? http://t.co/pQXSAdmRq6
RT @cblatts: Does big data have a future in economic analysis? http://t.co/pQXSAdmRq6
RT @cblatts: Does big data have a future in economic analysis? http://t.co/JGN2AXxTxs
RT @cblatts: Does big data have a future in economic analysis? http://t.co/pQXSAdmRq6
RT @cblatts: Does big data have a future in economic analysis? http://t.co/pQXSAdmRq6
RT @cblatts: Does big data have a future in economic analysis? http://t.co/pQXSAdmRq6
RT @cblatts: Does big data have a future in economic analysis? http://t.co/pQXSAdmRq6
Interesting points to ponder, Chris RT @cblatts: Does big data have a future in economic analysis? http://t.co/1IOsk8erUV
@cblatts cc @juanma_lz
RT @cblatts: Does big data have a future in economic analysis? http://t.co/pQXSAdmRq6