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

D 2016

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

BUČEK, Jakub

Basic information

Original name

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

Authors

BUČEK, Jakub (203 Czech Republic, guarantor, belonging to the institution)

Edition

Liberec, Proceedings of the 34th International Conference: Mathematical Methods in Economics, p. 97-102, 6 pp. 2016

Publisher

Technical University of Liberec

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

electronic version available online

References:

URL

RIV identification code

RIV/00216224:14560/16:00090866

Organization unit

Faculty of Economics and Administration

ISBN

978-80-7494-296-9

UT WoS

000385239500017

Keywords in English

Twitter; Barack Obama; social media; text mining; economic growth

Abstract

V originále

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.

Links

MUNI/A/1055/2015, interní kód MU

Name: Návrh změn v oblasti daňového zákonodárství v České republice

Investor: Masaryk University, Category A

Citovat

BUČEK, Jakub. Fiscal Policy for the 21st Century: Does Barack Obama Effect the Real Economic Policy?. Online. In Aleš Kocourek, Miroslav Vavroušek. Proceedings of the 34th International Conference: Mathematical Methods in Economics. Liberec: Technical University of Liberec, 2016, p. 97-102. ISBN 978-80-7494-296-9.

@inproceedings{1354588,
   author = {Buček, Jakub},
   address = {Liberec},
   booktitle = {Proceedings of the 34th International Conference: Mathematical Methods in Economics},
   editor = {Aleš Kocourek, Miroslav Vavroušek},
   keywords = {Twitter; Barack Obama; social media; text mining; economic growth},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Liberec},
   isbn = {978-80-7494-296-9},
   pages = {97-102},
   publisher = {Technical University of Liberec},
   title = {Fiscal Policy for the 21st Century: Does Barack Obama Effect the Real Economic Policy?},
   url = {http://mme2016.tul.cz/conferenceproceedings/mme2016_conference_proceedings.pdf},
   year = {2016}
}

TY  - JOUR
ID  - 1354588
AU  - Buček, Jakub
PY  - 2016
TI  - Fiscal Policy for the 21st Century: Does Barack Obama Effect the Real Economic Policy?
PB  - Technical University of Liberec
CY  - Liberec
SN  - 9788074942969
KW  - Twitter
KW  - Barack Obama
KW  - social media
KW  - text mining
KW  - economic growth
UR  - http://mme2016.tul.cz/conferenceproceedings/mme2016_conference_proceedings.pdf
N2  - 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.
ER  -

BUČEK, Jakub. Fiscal Policy for the 21st Century: Does Barack Obama Effect the Real Economic Policy?. Online. In Aleš Kocourek, Miroslav Vavroušek. \textit{Proceedings of the 34th International Conference: Mathematical Methods in Economics}. Liberec: Technical University of Liberec, 2016, p.~97-102. ISBN~978-80-7494-296-9.

Detailed Information on Publication Record