Abbas, Yasser and Daouia, Abdelaati (2023) Understanding World Economy Dynamics Based on Indicators and Events. TSE Working Paper, n. 23-1461, Toulouse

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Abstract

Studying the content and impact of news articles has been a recurring interest in economics, finance, psychology, and political and media literature over the last 20 years. Most of these offerings focus on specific qualities or outcomes related to their textual data, which limits their applicability and scope. Instead, we use novel datasets that adopt a more holistic approach to data gathering and text mining, allowing texts to speak for themselves without shackling them with presupposed goals or biases. Our data consists of networks of nodes representing key performance indicators of companies, industries, countries, and events. These nodes are linked by edges weighted by the number of times the concepts were connected in media articles between January 2018 and January 2022. We study these networks through the lens of graph theory and use modularity-based clustering, in the form of the Leiden algorithm, to group nodes into information-filled communities. We showcase the potential of such data by exploring the evolution of our dynamic networks and their metrics over time, which highlights their ability to tell coherent and concise stories about the world economy.

Item Type: Monograph (Working Paper)
Language: English
Date: August 2023
Place of Publication: Toulouse
Uncontrolled Keywords: Dynamic clustering, graph theory metrics, influential economic actors, written media analysis, R, Gephi
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse Capitole
Site: UT1
Date Deposited: 30 Aug 2023 12:40
Last Modified: 20 Sep 2024 07:33
OAI Identifier: oai:tse-fr.eu:128419
URI: https://publications.ut-capitole.fr/id/eprint/48162

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