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Building Daily Economic Sentiment Indicators

Authors: Rey del Castillo, Pilar;

Building Daily Economic Sentiment Indicators

Abstract

The availability of copious amounts of data produced by the increasing datification of our society is nowadays deemed an opportunity to produce timely and convenient statistical information. This paper shows the building of economic sentiment indexes from the texts of the most read economic newspapers in Spain. The data are collected through the scraping of the Digital Periodical and Newspaper Library website. To compute the sentiment, an existing emotional lexicon for Spanish words has been customized, allowing for inferring sentiment for words in texts. The resulting indexes are later compared to other well-known indicators that try to monitor similar or related phenomena.

Related Organizations
Keywords

ddc:330, C18, sentiment analysis, leading indicators, web scraping, large datasets, C43, C55, C89, index numbers, proxy variables

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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