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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 34th International Conference: Mathematical Methods in Economics

ISBN

9788074942969

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

97-102

Název nakladatele

Technical University of Liberec

Místo vydání

Liberec

Místo konání akce

Liberec

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

CST - Celostátní akce

Kód UT WoS článku

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