Technology and Big Data Are Changing Economics: Mining Text to Track Methods
The last 40 years have seen huge innovations in computing technology and data availability. Data derived from millions of administrative records or by using (as we do) new methods of data generation such as text mining are now common. New data often requires new methods, which in turn can inspire new data collection. If history is any guide, some methods will stick and others will prove to be a flash in the pan. However, the larger trends towards demanding greater credibility and transparency from researchers in applied economics and a “collage” approach to assembling evidence will likely continue.
We are grateful to Lawrence Katz for helpful comments. We thank Dana Scott for outstanding research assistance, and Tilmann Herchenroder for excellent research assistance in the early stages of the project. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
Janet Currie & Henrik Kleven & Esmée Zwiers, 2020. "Technology and Big Data Are Changing Economics: Mining Text to Track Methods," AEA Papers and Proceedings, vol 110, pages 42-48. citation courtesy of