Fiscal Policy for the 21st Century: Does Barack Obama Effect the Real Economic Policy?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090866" target="_blank" >RIV/00216224:14560/16:00090866 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Fiscal Policy for the 21st Century: Does Barack Obama Effect the Real Economic Policy?
Original language description
In this paper we investigate whether behavior of politicians on social network can effect the real economic policy, namely the economic growth. We investigate Twitter account of the US president Barack Obama (@barackobama) from March 2012 to January 2016 using techniques of text mining. Time series of ratio of positive to all tweets, and ratio of negative to all tweets is constructed and afterwards these are compared with the growth rate of output represented by the growth rate of industrial production index. We found out via Granger causality analysis, that both, ratio of negative to all tweets and ratio of positive to all tweets, has predictive information about the growth rate of output. Lastly, we estimated several linear models that showed the effect of both variables on economic growth.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 34th International Conference: Mathematical Methods in Economics
ISBN
9788074942969
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
97-102
Publisher name
Technical University of Liberec
Place of publication
Liberec
Event location
Liberec
Event date
Jan 1, 2016
Type of event by nationality
CST - Celostátní akce
UT code for WoS article
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