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Understanding News Geography and Major Determinants of Global News Coverage of Disasters

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 Added by Jisun An
 Publication date 2014
and research's language is English




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In this work, we reveal the structure of global news coverage of disasters and its determinants by using a large-scale news coverage dataset collected by the GDELT (Global Data on Events, Location, and Tone) project that monitors news media in over 100 languages from the whole world. Significant variables in our hierarchical (mixed-effect) regression model, such as the number of population, the political stability, the damage, and more, are well aligned with a series of previous research. Yet, strong regionalism we found in news geography highlights the necessity of the comprehensive dataset for the study of global news coverage.



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This study proposes a new method of incorporating emotions from newspaper articles into macroeconomic forecasts, attempting to forecast industrial production and consumer prices leveraging narrative and sentiment from global newspapers. For the most part, existing research includes positive and negative tone only to improve macroeconomic forecasts, focusing predominantly on large economies such as the US. These works use mainly anglophone sources of narrative, thus not capturing the entire complexity of the multitude of emotions contained in global news articles. This study expands the existing body of research by incorporating a wide array of emotions from newspapers around the world - extracted from the Global Database of Events, Language and Tone (GDELT) - into macroeconomic forecasts. We present a thematic data filtering methodology based on a bi-directional long short term memory neural network (Bi-LSTM) for extracting emotion scores from GDELT and demonstrate its effectiveness by comparing results for filtered and unfiltered data. We model industrial production and consumer prices across a diverse range of economies using an autoregressive framework, and find that including emotions from global newspapers significantly improves forecasts compared to three autoregressive benchmark models. We complement our forecasts with an interpretability analysis on distinct groups of emotions and find that emotions associated with happiness and anger have the strongest predictive power for the variables we predict.
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