An approach to predict Spanish mortgage market activity using Google data

  1. Marcos González-Fernández 1
  2. González-Velasco, Carmen 1
  1. 1 Universidad de León
    info

    Universidad de León

    León, España

    ROR https://ror.org/02tzt0b78

Revista:
Economics and Business Letters

ISSN: 2254-4380

Año de publicación: 2019

Volumen: 8

Número: 4

Páginas: 209-214

Tipo: Artículo

DOI: 10.17811/EBL.8.4.2019.209-214 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Otras publicaciones en: Economics and Business Letters

Resumen

The aim of this paper is to use Google data to predict Spanish mortgage market activity during the period from January 2004 to January 2019. Thus, we collect monthly Google data for the keyword hipoteca, the Spanish expression for mortgage, and then, we perform a regression and an out-of-sample analysis. We find evidence that the use of Google data significantly improves prediction accuracy.

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Información de financiación

This work was supported by the Ministerio de Economía, Industria y competitividad, Gobierno de España [research project number ECO2017-89715-P, entitled “El Análisis del Riesgo en los Mercados Financieros”].

Financiadores

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