Computational Approaches for the Construction of Novel Macroeconomic Data

This project will develop an economic dataset construction system that takes as input economic expertise as well as social media data; will deploy a data construction service that hosts this construction tool; and will use this tool and service to build an "economic datapedia," a compendium of user-curated economic datasets that are collectively published online. "This project is a collaboration between social and computer scientists to build a service that will create and preserve economic and social science measures by extracting information from social media, digital images, and other naturally occurring digital traces of human activity." said ICPSR Director Margaret Levenstein.

This project builds on earlier work by the team, Economic Indicators from Social Media.

Lead researcher: Matthew Shapiro, Department of Economics and Survey Research Center
Michael Cafarella, Computer Science and Engineering
Jia Deng, Electrical Engineering and Computer Science
Margaret Levenstein, Inter-university Consortium for Political and Social Research, Ross School of Business, School of Information, and Survey Research Center

Sponsors: Michigan Institute for Data Science, and the University of Michigan's Institute for Social Research, Survey Research Center, ICPSR, College of Literature Science and the Arts, Michigan Institute for Teaching and Research in Economics (MITRE), College of Engineering, and the Ross School of Business.