Data Science for Institutional and Organizational Economics

12 Pages Posted: 12 Mar 2018 Last revised: 2 May 2018

See all articles by Jens Prufer

Jens Prufer

Tilburg University - CentER; Tilburg University - Department of Economics; Tilburg University - Law and Economics Center (TILEC)

Patricia Prufer

CentERdata; Tilburg University

Date Written: March 9, 2018

Abstract

To which extent can data science methods – such as machine learning, text analysis, or sentiment analysis – push the research frontier in the social sciences? This essay briefly describes the most prominent data science techniques that lend themselves to analyses of institutional and organizational governance structures. We elaborate on several examples applying data science to analyze legal, political, and social institutions and sketch how specific data science techniques can be used to study important research questions that could not (to the same extent) be studied without these techniques. We conclude by comparing the main strengths and limitations of computational social science with traditional empirical research methods and its relation to theory.

Keywords: Data science, Machine learning, Institutions, Text analysis

JEL Classification: C50, C53, C87, D02, K0

Suggested Citation

Prufer, Jens and Prufer, Patricia, Data Science for Institutional and Organizational Economics (March 9, 2018). TILEC Discussion Paper No. 2018-011. Available at SSRN: https://ssrn.com/abstract=3137014 or http://dx.doi.org/10.2139/ssrn.3137014

Jens Prufer (Contact Author)

Tilburg University - CentER ( email )

P.O. Box 90153
Tilburg, DC 5000 LE
Netherlands

Tilburg University - Department of Economics ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Tilburg University - Law and Economics Center (TILEC) ( email )

Warandelaan 2
Tilburg, 5000 LE
Netherlands

Patricia Prufer

CentERdata ( email )

PO Box 90153
Tilburg, NL 5000 LE
Netherlands

Tilburg University ( email )

Department of Economics
CentER
Tilburg, 5032 RE
Netherlands

HOME PAGE: http://center.uvt.nl/phd_stud/prufer/

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