Using the Web to Predict Regional Trade Flows: Data Extraction, Modeling, and Validation.

Despite the importance of interregional trade for building effective regional economic policies, there are very few hard data to illustrate such interdependencies. We propose here a novel research framework to predict interregional trade flows by utilizing freely available Web data and machine learn...

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Publicado en:Annals of the American Association of Geographers Vol. 113; no. 3; pp. 717 - 740
Autores principales: Tranos, Emmanouil, Carrascal-Incera, André, Willis, George
Formato: Artículo
Publicado: Taylor & Francis Ltd 2023
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        10.1080/24694452.2022.2109577
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        atl: Using the Web to Predict Regional Trade Flows: Data Extraction, Modeling, and Validation.
      aug:
        au:
          Tranos, Emmanouil
          Carrascal-Incera, André
          Willis, George
        affil:
          School of Geographical Sciences, University of Bristol, UK and The Alan Turing Institute, UK
          Department of Economics, University of Oviedo, Spain
          School of Geography, University of Birmingham, UK
      su:
        United Kingdom
        Commerce
        Economic policy
        Regional economics
        Interregionalism
        Websites
        Machine learning
        Random forest algorithms
      sug:
        subj:
          Commerce
          Economic policy
          Regional economics
          Interregionalism
          Websites
          United Kingdom
          Internet Publishing and Broadcasting and Web Search Portals
          Machine learning
          Random forest algorithms
      keyword:
        interregional trade
        machine learning
        prediction
        random forest
        Web archives
        Web data
        aprendizaje automático
        archivos web
        bosque aleatorio
        comercio interregional
        datos web
        区域间贸易
        机器学习
        网站存档
        网络数据。
        随机森林
        预测
        interregional trade
        machine learning
        prediction
        random forest
        Web archives
        Web data
        aprendizaje automático
        archivos web
        bosque aleatorio
        comercio interregional
        datos web
        区域间贸易
        机器学习
        网站存档
        网络数据。
        随机森林
        预测
      ab: Despite the importance of interregional trade for building effective regional economic policies, there are very few hard data to illustrate such interdependencies. We propose here a novel research framework to predict interregional trade flows by utilizing freely available Web data and machine learning algorithms. Specifically, we extract hyperlinks between archived Websites in the United Kingdom and we aggregate these data to create an interregional network of hyperlinks between geolocated and commercial Web pages over time. We also use existing interregional trade data to train our models using random forests and then make out-of-sample predictions of interregional trade flows using a rolling-forecasting framework. Our models illustrate great predictive capability with R greater than 0.9. We are also able to disaggregate our predictions in terms of industrial sectors, but also at a subregional level, for which trade data are not available. In total, our models provide a proof of concept that the digital traces left behind by physical trade can help us capture such economic activities at a more granular level and, consequently, inform regional policies.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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