London FeelGood Factor

There are increasing doubts about whether conventional national accounts methodologies can measure activity in the 21st century cyber economy.

Martin Feldstein, former chairman of the president’s council of economic advisors, is the latest prominent economist to voice these doubts (Journal of Economic Perspectives, Vol 31, spring 2017).

Algorithmic Economics uses a machine learning ensemble classifier on Twitter data to generate our regular London Feel Good Factor. This measures the emotional state of Londoners (note the sharp dips the days after the Brexit vote and Trump’s victory).